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Japan celebrates after winning the gold medal at the Tokyo Olympics on Tuesday night. Photo: Ina Fried/Axios

TOKYO – Holding the U.S. team to just three hits, Olympic host country Japan captured the first gold medal for softball in a dozen years, winning 2-0.

Why it matters: Japan is the Americans' main rival in softball. The sport's Olympic future remains uncertain.

The U.S. came into the gold medal game undefeated, having beaten Japan 2-1 on Monday. However, the team struggled on offense, producing just 7 runs during those four games.

  • Japan's only loss, meanwhile, was that narrow defeat to the U.S.

What's next: Softball won't be in the 2024 Paris Olympics, but could be back for the Games in Los Angeles four years later.

Go deeper: Softball at the Tokyo Olympics, in photos

Go deeper

Updated Oct 4, 2021 - World

Japan's Parliament elects Fumio Kishida as prime minister

Japan's new Prime Minister Fumio Kishida after winning the ruling Liberal Democratic Party's presidential election on Sept. 29 in Tokyo. Photo: Du Xiaoyi - Pool/Getty Images

Japan's Parliament elected Fumio Kishida as the country's new prime minister on Monday.

Why it matters: The former foreign minister faces immediate challenges, including reviving the world's third-largest economy and working with the U.S. and other key allies to address security threats, per the Wall Street Journal.

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.