Mel Evans / AP

Johnson & Johnson is acquiring Europe's biggest biotech company, Actelion Pharmaceuticals, for $30 billion, per the WSJ. The deal will give J&J enormous access to the Swiss firm's portfolio of rare-disease treatments, which should help the company beat out competition from Pfizer, who recently launched an autoimmune therapy drug comparable to J&J's top-selling Remicade.

What's next: Actelion will spin off its operations into a separate company, R&D NewCo. J&J will hold 16% of the shares of the new company to start, and may acquire another 16% at a later date.

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Drive-in movie theaters are making a comeback

Illustration: Annelise Capossela/Axios

Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.

Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 a.m. ET: 11,093,182 — Total deaths: 525,491 — Total recoveries — 5,890,052Map.
  2. U.S.: Total confirmed cases as of 7:30 a.m. ET: 2,795,163 — Total deaths: 129,437 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.

Kimberly Guilfoyle tests positive for coronavirus

Photo: Mandel Ngan/AFP/Getty Images

Kimberly Guilfoyle, Donald Trump Jr.'s partner and a top fundraising official for the Trump campaign, tested positive for the coronavirus on Friday, The New York Times reports.

Why it matters: Guilfoyle is the third person in President Trump’s circle known to have contracted the coronavirus. Vice President Mike Pence's press secretary tested positive, as did a personal valet who served Trump food.