Happy Thursday! Today's Smart Brevity™ count: 1,192 words ... 4½ minutes.
Illustration: Sarah Grillo/Axios
Companies that make products geared toward staying at home — think peanut butter, exercise bikes and telecommunication software — are unexpected beneficiaries of an evolving coronavirus economy, Axios markets reporter Courtenay Brown writes.
Only seven out of 500 publicly-traded companies in the U.S. gained value last week, according to the Wall Street Journal — including Clorox, the disinfectant manufacturer, and Gilead Sciences and Regeneron, which are working on coronavirus treatments.
Conversely, travel companies — like major cruise lines, airlines and hotel chains — have been punished.
Screenshot via MSNBC
Wasserman reminds us that "a ton of the votes/delegates Sanders won ... are attributable to votes cast *before* SC and before Buttigieg/Klobuchar dropped out."
More Smart Brevity from Wasserman's tweets, illuminating the power of momentum:
Wasserman's bottom line: "There is a real chance, as in 2004, that Democratic primary voters won’t want to prolong these primaries and will rally around their presumptive nominee."
Health care stocks soared yesterday, led by double-digit percentage gains from major insurers, writes Axios health care business reporter Bob Herman.
Between the lines: The political prognostications of Wall Street and its trading algorithms have been all over the board in the past year.
The bottom line: Medicare for All faces a lot of political hurdles in Congress, but so do Biden's reforms. Any changes will face a huge battle from an industry that is both deep-pocketed and politically connected.
Photo: Patrick T. Fallon/Bloomberg via Getty Images
Dr. Jill Biden blocks a protester from getting to Joe Biden during his Super Tuesday victory rally in the Baldwin Hills neighborhood of L.A.
Illustration: Sarah Grillo/Axios
Walsh was among the reporters who observed the proceedings. What happened during the fictional pandemic eerily presaged the challenges and conundrums the world is facing with COVID-19:
Sen. Chuck Schumer speaks at an abortion-rights rally yesterday. Photo: Sarah Silbiger/Getty Images
Supreme Court Chief Justice John Roberts issued an unusual rebuke of Senate Minority Leader Chuck Schumer, who had blasted Trump-appointed Justices Neil Gorsuch and Brett Kavanaugh as the court weighs its first major abortion case since Kavanaugh joined, Axios' Orion Rummler writes.
Roberts responded in a statement:
Justin Goodman, Schumer's communications director, responded:
Sen. Schumer's comments were a reference to the political price Senate Republicans will pay for putting these justices on the court, and a warning that the justices will unleash a major grassroots movement on the issue of reproductive rights against the decision.
For Justice Roberts to follow the right wing's deliberate misinterpretation of what Sen. Schumer said, while remaining silent when President Trump attacked Justices Sotomayor and Ginsberg last week, shows Justice Roberts does not just call balls and strikes.
Trump economic adviser Larry Kudlow, a former CNBC host, tells Bloomberg Businessweek that he talks up the markets because "[t]he seesaw was so crowded at the bottom. I was just trying to say things are more balanced than that."
In Brazil, Twitter is testing tweets that disappear after 24 hours, AP reports:
Fleets can't be retweeted and don't have "likes."
The feature is reminiscent of Snapchat snaps.
TIME today will launch a project saluting female leaders, innovators, activists, entertainers, athletes and artists who defined a century, from The Suffragists who fought for the vote in 1920, to Greta Thunberg last year.
Bigger and bigger SUVs and pickups are outgrowing home garages and public parking spaces, USA Today's Nathan Bonney writes.
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