Apr 27, 2018

Historic Korean meeting, Cosby verdict, Amazon surges in Q1 earnings

North Korean leader Kim Jong-un and South Korean President Moon Jae-in cross back the military demarcation line to the south side after Moon crossing the border to north upon meeting for the Inter-Korean Summit in Panmunjom, South Korea. Photo: Korea Summit Press Pool/Getty Images

In the Demilitarized Zone between North and South Korea Friday morning local time, Kim Jong-un became the first North Korean leader in modern history to set foot on South Korean soil. This marks the beginning of a historic summit between the two leaders to discuss denuclearization.

Cosby verdict

A jury convicted Bill Cosby of drugging and sexually assaulting a woman in a 2004 sexual assault. He’s facing up to 30 years in prison, but Cosby could serve his sentences concurrently. The verdict is the first for a major celebrity in the era of the #MeToo movement.

Optimistic outlook

Amazon shocked Wall Street after it reported a surge in first-quarter profit and earnings per share that nearly tripled analyst estimates. Sales up 43% sent stock soaring after hours of trading.

Pruitt's congressional hearing

EPA Administrator Scott Pruitt said during a congressional hearing Thursday that he gave his Chief of Staff the go-ahead to give controversial raises to two trusted aides at the EPA. To the extent Pruitt admits he defied the White House, which had initially denied the raises, it could be more damaging to him than the various spending controversies.

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America's rundown roads add to farmers' struggles

Illustration: Sarah Grillo/Axios

American farmers are struggling to safely use the roads that cut through their fields; decades of neglect and lack of funding have made the routes dangerous.

The big picture: President Trump has long promised to invest billions in rural infrastructure, and his latest proposal would allocate $1 trillion for such projects. Rural America, where many of Trump's supporters live, would see a large chunk of that money.

South Korea and Italy see spikes in coronavirus cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. South Korea's confirmed cases jumped from 204 on Friday to 433 on Saturday, while Italy's case count rose from 3 to 62 as of Saturday.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 43 mins ago - Health

Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."