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Hulu debuted a pay TV service called "Hulu Live" for $39.95 a month at their annual Upfront presentation in New York. The offering will include access to dozens of premium on-demand channels, from Fox, Disney, NBCUniversal, Scripps, CBS, Turner, A+E and more.

Why it matters: Several over-the-top TV packages have recently popped up, with most charging similar price points for similar content. Hulu's live product is different because Hulu is co-owned by cable companies (Fox, Comcast, Turner, Disney) that create content, instead of distributing it, (like Google's YouTube TV). This means their live service will exclude some of that cable content, because its already housed on Hulu's on-demand service.

Between the lines: These OTT TV live-streaming companies are capitalizing on consumption habits of people — mainly millennials — who are "cutting the cord" from more expensive cable packages to on-demand content.

Go deeper

Women are leading the new Latin American literature boom

Photo illustration: Sarah Grillo/Axios. Photos: David Levenson, Ray Tang/Anadolu Agency/Getty Images

Gone are the whimsical elements, and in come the suspense, the gothic and the noir. The new Latin American Boom is here, and it is being led by women.

What’s happening: Writers like Argentines Samanta Schweblin and Mariana Enríquez, Mexican Fernanda Melchor and Chilean Lina Meruane have made international waves with books that comment on quotidian violence — gender and otherwise — as well as othering through pulse-racing, enthralling and occasionally beautiful horror.

Updated 30 mins ago - Sports

Olympics dashboard

Suni Lee. Photo: Jamie Squire/Getty Images

🥇 : U.S. gymnast Suni Lee wins gold in the women's individual all-around

🤸🏾‍♀️: Simone Biles reacts to "love and support" after withdrawing from all-around gymnastics and team finals, citing her mental health

🏃: U.S. pole vaulter Sam Kendricks withdraws from Games after positive coronavirus test

🏊‍♂️: Caeleb Dressel wins gold in men's 100m freestyle —Bobby Finke wins gold in first men's Olympic 800m freestyle

📷: In photos: Tokyo Olympics day 6 highlights

🗓: The Olympic events to watch today

🏃‍: Female Olympians push back against double standard in uniforms

Go deeper: Full Axios coverage

Heat dome sends temperatures soaring from Oregon to Louisiana

Forecast maximum temperatures (darker red shading represents the hottest temperatures, in the upper 90s to low 100s, Fahrenheit). July 29. Image: WeatherBell

The Pacific Northwest is once again in the midst of a heat wave after already seeing its worst such event on record this summer. Temperatures are soaring into the low 100s in some areas, while dangerous heat is also affecting the South Central states and Gulf Coast.

Why it matters: The occurrence of yet another heat wave during a drought in the West is ratcheting up wildfire risks. The heat itself is a major public health risk, as extreme heat is typically the biggest annual weather-related cause of mortality in the U.S.

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