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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Photo: Intel

Intel announced Tuesday a $50 million coronavirus relief program designed to support more research, technology for patient care, and help for lower income students' distance-learning needs.

Why it matters: Intel's donation comes on top of an earlier $10 million pledge and amid other large donations from Apple, Microsoft, Cisco, Google, Facebook and others.

  • $10 million of Intel's pledge will be set aside to help fund employee-led and community efforts.

Details: Among the projects that will be funded is one that taps Intel and Cisco technology to turn hospital beds into "virtual ICU" rooms, Intel senior VP and PC unit head Gregory Bryant told Axios.

  • Bryant declined to comment on the business impact to Intel's PC unit from COVID-19, citing the company's quiet period before quarterly earnings, but he noted that technology is more important than ever.
  • "People are physically interacting less. They are connecting more than ever. That’s all based on technology. The technology we deliver is essential to helping people get through this as safely as possible," Bryant said.

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

3 hours ago - Health

Moderna says COVID vaccine shows strong immune response in kids

Photo: Martin Galindo/Long Visual Press/Universal Images Group via Getty Images

Moderna on Monday released trial results for its coronavirus vaccine for children aged 6 to 11, saying it provides a "robust" immune response after two doses.

Why it matters: Moderna said it will officially submit the results to the Food and Drug Administration for authorization in "the near term," meaning we could soon see two coronavirus vaccines available to protect approximately 28 million more kids in the U.S.