NBC is partnering with Euronews, a network with journalists in Europe, the Middle East and North Africa, to expand its news gathering capabilities. NBC and Euronews will collaborate and co-brand their digital products and coverage. NBC also announced that Deborah Turness will be named the first president of NBC News International and Noah Oppenheim will become President of NBC News.

The numbers: According to The New York Times, NBC spent roughly $30 million for a 25% stake in the company.

What's in it for Euronews? NBC will provide editorial resources and strategic guidance to Euronews. Euronews will be digitally co-branded with NBC and will gain access to NBC's digital resources to improve their online coverage.

What's in it for NBC? NBC will expand its reach to 277 million new households in thirteen languages across Europe, Africa and the Middle East. Access to Euronews' international reporting gives NBC, and its' cable news channel, MSNBC, an edge in competing with CNN's international coverage, spearheaded by CNN's International channel.

Note: NBC is an investor in Axios and Andy Lack is a member of the Axios board.

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Trump casts himself as chief defender of American history in divisive speech at Rushmore

President Trump spoke out against a "merciless campaign" to wipe out American history during a Fourth of July celebration at Mount Rushmore.

Why it matters: Trump's "dark and divisive" speech comes as states continue to hit new coronavirus records and a national reckoning against racial inequities pushes forward, The New York Times writes. Trump's public approval is faltering heading toward the November elections, and he made an appeal to his base at Friday's spectacle, per The Washington Post.

Drive-in movie theaters are making a comeback

Illustration: Annelise Capossela/Axios

Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.

Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 a.m. ET: 11,093,182 — Total deaths: 525,491 — Total recoveries — 5,890,052Map.
  2. U.S.: Total confirmed cases as of 7:30 a.m. ET: 2,795,163 — Total deaths: 129,437 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.