Feb 4, 2018

JPMorgan plays down health care company to clients

JPMorgan Chase CEO Jamie Dimon reportedly told clients the bank's new venture would not take business from other health care companies. Photo: Scott Olson / Getty Images

Health care companies that use JPMorgan Chase for investment banking services and mergers voiced "consternation" over JPMorgan's new venture with Amazon and Berkshire Hathaway, according to a Wall Street Journal scoop. CEO Jamie Dimon had to "hit the phones Tuesday to assuage clients’ concerns," per the report.

Why it matters: The stock market hammered health care companies after people thought the new company could threaten the industry's status quo. But the latest report adds to the skepticism that this venture likely will be nothing more than a glorified group purchasing organization and won't be as "disruptive" as many people think.

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Schools get creative to keep students connected

Illustration: Eniola Odetunde/Axios

School districts are exploring ways to keep their homebound pupils connected to the classroom, even though many students don't have the internet service or devices they need to do assignments.

Why it matters: All teachers face the problem of "summer slide" — when students lose skills during summer breaks. This year will be doubly hard because students are losing between one and three additional months of in-classroom instruction due to coronavirus-driven closures.

U.S.-led coalition in Iraq withdraws from 3rd base this month

A soldier stands guard at the Qayyarah airbase in southern Mosul on March 26. Photo: Murtadha Al-Sudani/Anadolu Agency via Getty Images

The United States-led coalition in Iraq withdrew from K-1 Air Base in the northern part of the country on Sunday, AP reports.

Why it matters: It's the third site that coalition forces have left this month as the U.S. gathers troops in Baghdad and at Ain al-Asad Air Base.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 679,977 — Total deaths: 31,734 — Total recoveries: 145,625.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 8 a.m. ET: 124,686 — Total deaths: 2,191 — Total recoveries: 2,612.
  3. Federal government latest: Trump announces new travel advisories for New York, New Jersey and Connecticut, but rules out quarantine enforcement. Per CDC, those residents should "refrain from non-essential domestic travel for 14 days," with the exception of critical infrastructure industry workers.
  4. State updates: Alaska issues a stay-at-home order — New York tries to nearly triple hospital capacity in less than a month and moved presidential primary to June 23. Some Midwestern swing voters who backed Trump's initial handling of the virus balk at call for U.S. to be "opened up" by Easter.
  5. World updates: In Spain, over 1,400 people were confirmed dead between Thursday to Saturday.
  6. 🚀 Space updates: OneWeb filed for bankruptcy amid the novel coronavirus pandemic.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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