Photo: Jaap Arriens/NurPhoto via Getty Images

Netflix's stock was up roughly 10% on Wednesday, after the company said it surpassed expectations for earnings per share and international subscriber growth, a key metric for the company because of saturation in the U.S.

Why it matters: This quarter's earnings are the last before the "streaming wars" really begin to pick up. Disney is expected to launch its subscription streaming service Disney+ on November 12th. AT&T and Comcast/NBCUniversal are slate to launch their respective streaming services next April.

Details: Netflix missed its own projections for domestic subscriber growth slightly, and it projected a lower number of subscriber additions for the following quarter than what investors were expecting.

By the numbers: per CNBC:

  • Earnings per share: $1.47 vs. $1.04 expected, per Refinitiv estimates
  • Revenue: $5.24 billion vs. 5.25 billion expected, per Refintiv
  • Domestic paid subscriber additions: 517,000 vs. 802,000 expected, per FactSet estimates
  • International paid subscriber additions: 6.26 million vs. 6.05 million expected, per FactSet

What's next: Netflix will hold a video Q&A presentation for investors at 6:00 pm ET.

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Updated 30 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12:15 p.m. ET: 21,261,598 — Total deaths: 767,054— Total recoveries: 13,284,647Map.
  2. U.S.: Total confirmed cases as of 12:15 p.m. ET: 5,324,930 — Total deaths: 168,703 — Total recoveries: 1,796,326 — Total tests: 65,676,624Map.
  3. Health: The coronavirus-connected heart ailment that could lead to sudden death in athletes — Patients grow more open with their health data during pandemic.
  4. States: New York to reopen gyms, bowling alleys, museums.
  5. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  6. Politics: Biden signals fall strategy with new ads.

Kamala Harris and the political rise of America's Indian community

Vice presidential hopeful Sen. Kamala Harris (D-Calif.) Photo: Drew Angerer/Getty Images

When Democrats next week formally nominate the daughter of an Indian immigrant to be vice president, it'll be perhaps the biggest leap yet in the Indian American community's rapid ascent into a powerful political force.

Why it matters: Indian Americans are one of the fastest-growing, wealthiest and most educated demographic groups in the U.S. Politicians work harder every year to woo them. And in Kamala Harris, they'll be represented in a major-party presidential campaign for the first time.

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Illustration: Annelise Capossela/Axios

Cardiologists are increasingly concerned that coronavirus infections could cause heart complications that lead to sudden cardiac death in athletes.

Why it matters: Even if just a tiny percentage of COVID-19 cases lead to major cardiac conditions, the sheer scope of the pandemic raises the risk for those who regularly conduct the toughest physical activity — including amateurs who might be less aware of the danger.