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The Boring Company

Elon Musk tweeted that he has received "verbal agreement" to build a super-fast, 29-minute "hyper loop" taking passengers from New York to Washington, D.C. Traveling within an airless tube, passengers could disembark or get on along the way in Baltimore and Philadelphia.

There were no further immediate details, and no confirmation from any officials along the route. But, should such a system be built, it would out-perform any type of current travel options in the East.

The bottom line: The idea still seems outlandish from almost every vantage point — technology, land acquisition, expense, and so on. Yet, given Musk's foray into space and his formidable electric car company, we have learned not to underestimate Musk. He even has a rival: On July 13, a company called Hyperloop One conducted a slow test of its technology on a Nevada track and is currently looking at 11 serious proposals for where to build a working model, with the idea of reducing the number to three.

Go deeper: The idea for a hyper loop seemed fantastical when, back in 2013, Musk first proposed such a transportation system from San Francisco to Los Angeles. But since then, his Boring Company says he has completed the first section of the Los Angeles portion, and the notion has taken fire, with proposals for such loops from Chicago to Pittsburgh, Cheyenne, Wyoming, to Pueblo, Colorado2,600 proposals in all, according to one count.

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Health: CDC: It's time for "universal face mask use" — Death rates rising across the country — Study: Increased testing can reduce transmission.
  3. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  4. Cities: Bay Area counties to enact stay-at-home order ahead of state mandate
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.