Photo: Sabah Arar/AFP/Getty Images

Iraqi officials raised the death toll to at least 25 after unidentified gunmen opened fire on protesters in Baghdad on Friday and into Saturday, AP reports.

Why it matters: The attack is the deadliest Baghdad has seen in weeks, occurring shortly after Adel Abdul Mahdi resigned as prime minister, per Al Jazeera. At least 130 others were wounded by gunshots and stabbings in this week's attack, AP notes.

The big picture: Washington, D.C. responded to the violence against protestors by putting sanctions on three Iraqi militia leaders, who have been accused of attacking protesters on Iran's orders, the New York Times reports. The sanctions could force Iraq's Shiite-led government to either ignore Iran or defy U.S. demands to protect protesters, the Times writes.

  • At least 400 protesters have died since the start of the protests in October, per the Times.
  • The intense violence is the result of divisions between demonstrators and various groups "trying to take control of the voice on the streets of Baghdad," Al Jazeera writes.

Go deeper: Secret cables expose Iran's influence-building in Iraq at U.S. expense

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 p.m. ET: 13,258,016 — Total deaths: 576,752 — Total recoveries — 7,366,845Map.
  2. U.S.: Total confirmed cases as of 7:30 p.m. ET: 3,416,222 — Total deaths: 136,319 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  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.

3 hours ago - Health

Moderna's vaccine spurred immune system response to coronavirus

Moderna's stock rose 16% after hours on this news. Photo: Jakub Porzycki/NurPhoto via Getty Images

Healthy volunteers who took Moderna's coronavirus vaccine candidate appeared to generate an immune system response to the virus, and there were "no trial-limiting safety concerns," according to a new study published in the New England Journal of Medicine.

Why it matters: The phase one trial is still small and does not definitively determine how effective the vaccine is. But Anthony Fauci of the National Institutes of Health, which is running the trial, told the Wall Street Journal that these data make it "pretty clear that this vaccine is capable of inducing quite good [levels] of neutralizing antibodies."