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

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Jamie Dimon in Detroit. Photo: Rick Osentoski / Invision for JPMorgan Chase Co. via AP

Jamie Dimon stressed the importance of investing in the middle of the country at Fortune and TIME's CEO Initiative Monday. "Lots of communities are suffering. We need to do more to create jobs and opportunities ... 85% of jobs are private enterprise," Dimon said. In 2014, J.P. Morgan Chase invested $100 million in Detroit's entrepreneurs and small businesses.

The bottom line: 75% of U.S. venture capital dollars go to 3 states, per Revolution CEO Steve Case. Lack of investment in the middle of the country has left large parts of America behind, Axios' Kim Hart reports.

More from Dimon's interview:

  • "We've kind of become the hometown bank in Detroit and earned a lot of respect."
  • "Go on the morning shows. Four million people watch, and they don't know the good things you're doing," Dimon told CEOs.
  • J.P. Morgan is spearheading a Veteran Jobs Mission. Through it, 300 companies have hired 400,000 vets, and the goal is to hire 1 million.
  • This month, the company pledged $40 million and $10 million for development of the poorest neighborhoods in Chicago and DC, respectively.

Go deeper

The elusive political power of Mexican Americans

Data: Pew Research Center, U.S. Census Bureau; Chart: Michelle McGhee/Axios

Mexican Americans make up the nation's largest Latino group, yet they remain politically outshined by more recently arrived Cuban Americans.

Why it matters: The disparities in political power between Mexican Americans and Cuban Americans reflect the racial, historical, geographical and economic differences within Latino cultures in the U.S.

Bryan Walsh, author of Future
48 mins ago - Health

The barriers to vaccine passports

Illustration: Sarah Grillo/Axios

Vaccine passports could become available soon to help people resume their livesbut they face numerous scientific, social and political barriers to being accepted.

The big picture: Reliable and accessible proof of vaccine-induced protection from the novel coronavirus could speed international travel and economic reopening, but obstacles to its wide-scale adoption are so great it may never fully arrive.

Updated 8 hours ago - Politics & Policy

Senate action on stimulus bill continues as Dems reach deal on jobless aid

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate continued to work through votes on a series of amendments overnight into early Saturday morning.

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