Photo: Tim Boyle/Getty Images

Nestle is dishing out $7.15 billion in cash to partner with Starbucks for the right to sell the coffee chain's products around the world, reports Reuters. Nestle will be able to sell bagged Starbucks coffee and drinks, adding to its expected earnings by next year.

The state of play: Nestle is the largest hot drink company on the planet, but saw its shares fall by 8% already this year. Starbucks' presence in the United States is significant, but the company is looking to increase its presence worldwide.

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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 1 hour 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.

Kimberly Guilfoyle tests positive for coronavirus

Photo: Mandel Ngan/AFP/Getty Images

Kimberly Guilfoyle, Donald Trump Jr.'s partner and a top fundraising official for the Trump campaign, tested positive for the coronavirus on Friday, The New York Times reports.

Why it matters: Guilfoyle is the third person in President Trump’s circle known to have contracted the coronavirus. Vice President Mike Pence's press secretary tested positive, as did a personal valet who served Trump food.