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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Erica Pandey, author of @Work
8 mins ago - Economy & Business

United States of burnout

Illustration: Aïda Amer/Axios

Postponed vacations, holidays in isolation and back-to-back virtual meetings are taking a toll on millions of American workers.

Why it matters: As we head into the fall, workers are feeling the burnout. Such a collective fraying of mental health at work could dampen productivity and hinder economic growth across the country.

Updated 49 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:15 p.m. ET: 33,477,825 — Total deaths: 1,003,922 — Total recoveries: 23,209,109Map.
  2. U.S.: Total confirmed cases as of 4:15 p.m. ET: 7,176,111 — Total deaths: 205,676 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Health: Americans won't take Trump's word on the vaccine, Axios-Ipsos poll finds.
  4. States: NYC's coronavirus positivity rate spikes to highest since June.
  5. Sports: Tennessee Titans close facility amid NFL's first coronavirus outbreak.
  6. World: U.K. beats previous record for new coronavirus cases.

Mueller defends Russia investigation in rare public statement

Photo: David Hume Kennerly/GettyImages

Former special counsel Robert Mueller in a statement on Tuesday defended his team's handling of the Russia investigation after Andrew Weissmann, a former prosecutor in his office, wrote in a new book that investigators should have done more to hold President Trump accountable.

Driving the news: In the tell-all book, “Where Law Ends,” released on Tuesday, Weissman addresses what he calls the special prosecutor office's failures in its investigation.

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