Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Hunter Biden. Photo: Paul Morigi/Getty Images for World Food Program USA
Hunter Biden, son of the former vice president and 2020 presidential candidate Joe Biden, will be leaving the board of BHR Equity Investment — a private equity fund backed by Chinese state-owned entities — at the end of the month, Bloomberg reports.
Why it matters: The younger Biden is leaving the board amid unsubstantiated allegations by President Trump and his personal lawyer Rudy Giuliani that he made millions of dollars from BHR Equity Investment while his father was in office. Trump has suggested that China should investigate Hunter, setting off claims by Democrats that the president is soliciting foreign election interference.
- Trump and Giuliani have also made unsubstantiated claims that Joe Biden in 2016 used his position in the Obama administration to help stop an investigation into the owner of one of Ukraine's largest private gas companies, where Hunter was a board member.
- The alleged pressure campaign on Ukraine's government has prompted House Democrats to launch an impeachment inquiry.
What they're saying: “Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, irrespective of its effects on Hunter’s professional interests. ... He never anticipated the barrage of false charges against both him and his father by the President of the United States," Biden's lawyer said in a statement.
- "Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests. ... He will continue to keep his father personally uninvolved in his business affairs."
Go deeper: Biden's 2020 family problem