May 6, 2018

Billions on the line for businesses in Trump's Iran decision

A building in Tehran occupied by Microsoft. Photo: Eric Lafforgue/Art in All of Us via Getty Images

"From airplanes to oilfields, billions of dollars are on the line for international corporations as President Trump weighs whether to pull America out of Iran’s nuclear deal with world powers," AP's Jon Gambrell writes from Dubai:

Why it matters: "If ... Trump follows through on his threat to pull the U.S. out of the Iran nuclear deal on May 12, the rest of the world will be thrust into uncharted territory, forced to navigate a complex web of U.S. sanctions."

  • What it means: "For Western businesses, the [2015] deal meant access to Iran’s largely untapped market of 80 million people. ... [A]irplane manufacturers rushed in to replace the country’s dangerously dilapidated civilian fleet."
  • "[V]irtually all multinational corporations do business or banking in the U.S., meaning any return to pre-deal sanctions could torpedo deals made after the 2015 agreement came into force."

Go deeper

America's funeral homes buckle under the coronavirus

Illustration: Aïda Amer/Axios

Morgues, funeral homes and cemeteries in hot spots across America cannot keep up with the staggering death toll of the coronavirus pandemic.

Why it matters: The U.S. has seen more than 10,000 deaths from the virus, and at least tens of thousands more lives are projected to be lost. The numbers are creating unprecedented bottlenecks in the funeral industry — and social distancing is changing the way the families say goodbye to their loved ones.

Go deeperArrow53 mins ago - Health

Navarro memos warning of mass coronavirus death circulated in January

Image from a memo to President Trump

In late January, President Trump's economic adviser Peter Navarro warned his White House colleagues the novel coronavirus could take more than half a million American lives and cost close to $6 trillion, according to memos obtained by Axios.

The state of play: By late February, Navarro was even more alarmed, and he warned his colleagues, in another memo, that up to two million Americans could die of the virus.

Go deeperArrowUpdated 1 hour ago - Health

Axios-Ipsos Coronavirus Index: The virus hits home

Data: Ipsos/Axios poll; Chart: Danielle Alberti/Axios

The share of Americans who know someone who's tested positive has more than tripled in just a few weeks, to 14%, according to the latest installment of our Axios-Ipsos Coronavirus Index.

  • It's still highest in the Northeast, but last week alone it doubled in the South — and it's becoming most pronounced among people who still must leave home to work.
Go deeperArrow2 hours ago - Health