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Macy's Thanksgiving Day Parade, New York City, 2004. Photo: Mario Tama/Getty Images

Macy's Thanksgiving Day Parade will be held "virtually" this year because of the coronavirus pandemic, New York City Mayor Bill de Blasio announced Monday, per NBC New York.

The big picture: "It will not be the same parade we're used to," de Blasio said. "[Macy's is] reinventing the event for this moment in history. And you will be able to feel the spirit and the joy of that day." Audiences will be able to watch the event online and on TV. De Blasio said Macy's will release additional details about the event later Monday.

Go deeper

Updated Oct 16, 2020 - Health

U.S. coronavirus updates

Expand chart
Data: The COVID Tracking Project; Note: Does not include probable deaths from New York City; Map: Andrew Witherspoon/Axios

The U.S. surpassed 8 million coronavirus cases on Friday, per Johns Hopkins data.

The big picture: Coronavirus infections jumped by almost 17% over the past week as the number of new cases across the country increased in 38 states and Washington, D.C., according to a seven-day average tracked by Axios.

27 mins ago - Economy & Business

Twitter debuts subscription products to help double revenue by 2023

Photo: Cole Burston/Bloomberg via Getty Images

Twitter said Thursday that it plans to increase the amount of money it makes off of its users by allowing them to pay creators directly for content they like.

Why it matters: The company is trying to broaden its revenue stream away from being dependent mostly on ads, and particularly on ads from big brands.

DHS directing $77 million to combat domestic violent extremism in states, cities

DHS Secretary Alejandro Mayorkas. Photo: Tasos Katopodis/Getty Images

For the first time, states and localities will spend at least $77 million of Department of Homeland Security grant money on combatting domestic violent extremism, DHS Secretary Alejandro Mayorkas announced on Thursday.

Why it matters: Domestic terrorism has been on the rise in the U.S., spurred on by growing polarization and the mainstreaming of online conspiracy theories. In the wake of the Jan. 6 Capitol attack, Mayorkas has made fighting the problem a "National Priority Area."