The co-founders of mobile gaming company Kabam, including former CEO Kevin Chou, have launched a new company that will both own and manage Korean esports teams. It's called KSV eSports, and so far is being bootstrapped by the company's founding team in Korea and Silicon Valley.

  • History: Kabam was an early tech "unicorn," being valued at over $1 billion in mid-2014. It ultimately sold most of its assets late last year for around $800 million, after a history that included three "near death" experiences. Its games included the popular Marvel: Contest of Champions
  • Mission statement, from KSV website: "KSV is an eSports collaboration between Silicon Valley and Seoul, combining the skills and dedication of the Korean eSports culture backed by the investment and global reach of California's Silicon Valley. We take pride in our vision of creating and guiding homegrown Korean eSports teams into champions on the international stage."

Go deeper

Biden releases plan to strengthen coronavirus supply chain

Photo: Brendan Smialowski/AFP via Getty Images

Joe Biden's campaign released a three-part plan Tuesday to rebuild U.S. supply chains in the wake of the coronavirus pandemic, and it's centered around the idea that the country is more vulnerable to global disruptions in spite of President Trump's "America First" rhetoric.

Why it matters: Biden is proposing a way to make sure the U.S. doesn't rely on other countries for personal protective equipment (PPE) and other related medical supplies. That's another way of acknowledging that we're not getting over this health crisis anytime soon.

Updated 1 hour ago - Politics & Policy

The major police reforms that have been enacted since George Floyd's death

NYPD officers watch a George Floyd protest in Manhattan on June 6. Photo: Scott Heins/Getty Images

Nationwide Black Lives Matter protests sparked by George Floyd's killing have put new pressure on states and cities to scale back the force that officers can use on civilians.

Why it matters: Police reforms of this scale have not taken place in response to the Black Lives Matter movement since its inception in 2013, after George Zimmerman's acquittal for shooting Trayvon Martin, an unarmed Black teenager.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 1:30 p.m. ET: 11,679,808 — Total deaths: 539,764 — Total recoveries — 6,348,785Map.
  2. U.S.: Total confirmed cases as of 1:30 p.m. ET: 2,953,423 — Total deaths: 130,546 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. States: Arizona reports record 117 deaths in 24 hours.
  4. Public health: Trump administration invests $2 billion for drug treatments.
  5. Business: Breaking down the PPP disclosure debacle
  6. World: Brazil's President Bolsonaro tests positive— India reports third-highest case count in the world.