A JPMorgan building in Hong Kong. Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images

As part of a trend of increased corporate activism, JPMorgan Chase will announce Monday a new public policy agenda that includes an expanded effort to help people with criminal backgrounds re-enter the workforce.

Why it matters: JPMorgan Chase Chairman and CEO Jamie Dimon said providing second chances helps businesses "reduce recidivism, hire talented workers, and strengthen the economy."

Dimon, who led the Business Roundtable to a new definition of the purpose of a corporation that goes beyond shareholders, told me in an interview that both the bank and the BRT plan to bolster that message.

  • "We have a whole bunch of stuff that will be coming out of the BRT — what we do for consumers, what we do for employees, what we do for communities, what we do in education, what we do in infrastructure."

Go deeper: CEOs are America's new politicians

Go deeper

1 hour ago - Technology

What a President Biden would mean for tech

Illustration: Eniola Odetunde/Axios

A Biden presidency would put the tech industry on stabler ground than it's had with President Trump. Although Biden is unlikely to rein in those Democrats who are itching to regulate the big platforms, he'll almost certainly have other, bigger priorities.

The big picture: Liberal Silicon Valley remains one of Democrats' most reliable sources for big-money donations. But a Biden win offers no guarantee that tech will be able to renew the cozy relationship it had with the Obama White House.

Virtual school is another setback for struggling retail industry

Illustration: Annelise Capossela/Axios

A virtual school year will likely push retailers even closer to the brink.

Why it matters: Back-to-school season is the second-biggest revenue generating period for the retail sector, after the holidays. But retailers say typical shopping sprees will be smaller with students learning at home — another setback for their industry, which has seen a slew of store closures and bankruptcy filings since the pandemic hit.

2 hours ago - Health

The pandemic hasn't hampered the health care industry

Illustration: Rebecca Zisser/Axios

The economy has been tanking. Coronavirus infections and deaths have been rising. And the health care industry is as rich as ever.

The big picture: Second-quarter results are still pouring in, but so far, a vast majority of health care companies are reporting profits that many people assumed would not have been possible as the pandemic raged on.