An aerial view of flooded area in the north part of Kochi in the Indian state of Kerala on Saturday. Photo: AFP/Getty Images

More than 350 people have been killed and thousands are still stranded by historic flooding in the southern Indian state of Kerala, per the BBC, as a result of relentless monsoon rains.

The big picture: The massive floods paralyzed the region's infrastructure, perhaps most dramatically illustrated by the scene at Cochin International Airport, the fourth-largest in India, with floodwaters up to the wings of jets still parked there.

Trucks carry a boat for rescue operations during the flooding at Pandalam. Photo: Amal KS/Hindustan Times via Getty Images
An Indian man watches marooned houses on the outskirts of Kozhikode district, in the south Indian state of Kerala. Photo: Manjunath Kiran/AFP/Getty Images
The carcass of a cow lies on the side of a road where an elderly woman is carried to safety from the Kerala floodwaters. Photo: Manjunath Kiran/AFP/Getty Images
View of a flooded area in the north part of Kochi. Photo: AFP/Getty Images

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
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  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.