Aug 11, 2018

Iran fires first test missile since U.S. pulled out of Iran deal

An Iranian missile being launched. Photo: Shaigan/AFP via Getty Images

Iran fired a ballistic test missile for the first time in over a year last week, just days before the United States hit the country with sanctions on Tuesday, Fox News reports citing multiple U.S. officials.

Why it matters: This is the first missile test the country has launched since the United States pulled out of the Iran deal earlier this year. Though there were no U.S. assets near the missile launch, it is still viewed as an "act of defiance." The secret military activity by Iran was intended to "send a message" to the U.S., according to a top commander for U.S. forces in the Middle East.

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The race to catch Nike's Vaporfly shoe before the 2020 Olympics

Illustration: Aïda Amer/Axios

Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.

Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.

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Reassessing the global impact of the coronavirus

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Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.

What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.