New Jersey Gov. Phil Murphy. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

New Jersey on Tuesday became the first state to require businesses and corporations to provide severance pay in the event of mass layoffs after Democratic Gov. Phil Murphy signed new legislation, AP reports.

Why it matters: With the fall of numerous chain stores in recent years, the law seeks to protect people who are left unemployed with little notice. It comes after the closing of chain Toys "R" Us last year cost 2,000 people their jobs in the state.

  • How it works: Companies will have to pay employees a week's salary for each year of service when more than 50 employees are laid off. Businesses are now also required to give employees 90 days' notice before such an event, up from 60.

The other side: Critics of the law said it will negatively impact businesses as they simultaneously balance increasing minimum wages and higher taxes in the state.

  • Some critics also claimed the law made the state anticompetitive and warned that it would cause businesses to look elsewhere when setting up new headquarters.

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1 hour ago - Science

3 dead and thousands evacuated as Northern California fires explode

A building at the Meadowood Napa Valley luxury resort burns after the Glass Fire moved through the area on September 28, 2020 in St. Helena, California. Photo: by Justin Sullivan/Getty Images

Three people have died in a wildfire in Northern California and tens of thousands were evacuated across the state, as firefighters contended with strong winds and dry conditions that saw blazes explode across the state on Monday.

Driving the news: Shasta County Sheriff Eric Magrini confirmed the deaths occurred as the Zogg Fire spread across 15,000 acres, forcing the evacuation of 1,200 people. More than for 5o,000 people, per AP.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 33,273,720 — Total deaths: 1,000,555 — Total recoveries: 23,056,480Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 7,147,241 — Total deaths: 205,031 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.
Dave Lawler, author of World
2 hours ago - World

Global coronavirus death toll crosses 1 million

Data: Our World in Data; Chart: Sara Wise/Axios

The global toll of confirmed deaths from COVID-19 crossed 1 million on Monday, according to data from Johns Hopkins.

By the numbers: More than half of those deaths have come in four countries: the U.S. (204,762), Brazil (141,741), India (95,542) and Mexico (76,430). The true global death toll is likely far higher.

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