Photo: Chris J Ratcliffe/Getty Images

The International Olympic Committee on Monday awarded the 2026 Winter Olympic games to Milan and Cortina d'Ampezzo in northern Italy over Stockholm and Åre, Sweden.

The big picture: Italy last hosted the games in Turin in 2006, while Cortina's Alpine ski resort was last on the Olympic stage in 1956. The IOC pledged to provide the country with $925 million for operating costs of up to $1.7 billion, AP reports.

Italy will take on hosting responsibilities at a time of economic distress and massive debt, which is playing out in an ongoing dispute over the government's budget-busting with the EU. Still, Milan-Cortina are "two of the richest provinces in Europe," according to Italian Undersecretary of State Giancarlo Giorgetti.

  • 85% of local residents in Italy supported hosting compared to 60% in Sweden, which was the runner-up.

What's next: Beijing will host the 2022 Winter Games. In 2020, Tokyo will host the next Summer Olympics, followed by Paris in 2024 and Los Angeles in 2028.

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Amy Harder, author of Generate
3 hours ago - Energy & Environment

Climate change goes mainstream in presidential debate

Photo illustration: Aïda Amer/Axios. Photo: Olivier Douliery-Pool/Getty

The most notable part of Thursday’s presidential debate on climate change was the fact it was included as a topic and assumed as a fact.

The big picture: This is the first time in U.S. presidential history that climate change was a featured issue at a debate. It signals how the problem has become part of the fabric of our society. More extreme weather, like the wildfires ravaging Colorado, is pushing the topic to the front-burner.

Finally, a real debate

Photo: Morry Gash/AP

A more disciplined President Trump held back from the rowdy interruptions at tonight's debate in Nashville, while making some assertions so outlandish that Joe Biden chuckled and even closed his eyes. A Trump campaign adviser told Axios: "He finally listened." 

The result: A real debate.

Biden to Trump: "I have not taken a penny from any foreign source ever in my life"

Former VP Joe Biden pushed back Thursday against allegations from President Trump, saying he had never profited from foreign sources. "Nothing was unethical," Biden told debate moderator Kristen Welker about his son Hunter's work in Ukraine while he was vice president.

Why it matters: Earlier on Thursday, Hunter Biden's former business partner, Tony Bobulinski, released a statement saying Joe Biden's claims that he never discussed overseas business dealings with his son were "false."