Apr 16, 2019

Notre Dame fire: Emmanuel Macron wants cathedral rebuilt in 5 years

France President Emmanuel Macron. Photo: Thierry Monasse/Getty Images

French President Emmanuel Macron said in a prime-time address on Tuesday that he wants to rebuild the Notre Dame Cathedral within 5 years and that "it will be more beautiful than before."

Backdrop: The fire that ravaged the Parisian landmark on Monday caused hundreds of million of euros in damage. French companies and wealthy families pledged up to €900 million for its restoration. After this period of grieving for the historic structure, Macron called for action to rebuild.

Go deeper: Notre Dame fire: How newspapers around the world covered the tragedy

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Trump lashes out at governors, urges them to "dominate" protesters

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according t multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

2 hours ago - World

Putin sets referendum that could allow him to rule until 2036 for July 1

Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images

Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.

Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.

A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.