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Logo on the ExxonMobil Building in Houston, Texas. Photo: James Leynse / Corbis via Getty Images

A federal judge in New York Thursday dismissed a lawsuit by ExxonMobil seeking to halt a probe by New York and Massachusetts into whether the oil and gas giant had lied to investors and the public about its knowledge of climate change. The company sued the states in 2016 after they subpoenaed documents regarding Exxon's research into fossil fuels' role in climate change.

Why it matters, per Axios’ Amy Harder: This move likely ensures there will eventually be discovery in the lawsuit where Exxon documents are disclosed, which would shed a lot of light—and headlines—on what Exxon really knew about climate change over the past decades.

The AP reports that Exxon says it's reviewing ruling and evaluating its next steps.

Go deeper

Kendall Baker, author of Sports
1 hour ago - Sports

2021 Tokyo Olympics hang in the balance

Illustration: Aïda Amer/Axios

10 months ago, the Tokyo Olympics were postponed. Now, less than six months ahead of their new start date, the dreaded word is being murmured: "canceled."

Driving the news: The Japanese government has privately concluded that the Games will have to be called off, The Times reports (subscription), citing an unnamed senior government source.

Biden's centrist words, liberal actions

Illustration: Sarah Grillo/Axios

President Biden talks like a soothing centrist. He promises to govern like a soothing centrist. But early moves show that he is keeping his promise to advance a liberal agenda.

Why it matters: Never before has a president done more by executive fiat in such a short period of time than Biden. And those specific actions, coupled with a push for a more progressive slate of regulators and advisers, look more like the Biden of the Democratic primary than the unity-and-restraint Biden of the general election.

3 hours ago - Technology

Review of Trump ban marks major turning point for Facebook

Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

Facebook's decision to ask its new independent Oversight Board to review the company's indefinite suspension of former President Trump is likely to set a critical precedent for how the social media giant handles political speech from world leaders.

What they're saying: "I very much hope and can expect … that they will uphold our decision," Facebook's VP of global affairs Nick Clegg tells Axios.