Just a reminder that we are off Monday for Memorial Day, in remembrance of all the brave men, women and nonbinary people who gave their lives for their country. We are grateful.
Also, we pride ourselves on Smart Brevity here at Axios, so we want to let our newsletter readers know just what they are in for.
Illustration: Rebecca Zisser/Axios
The Northern Virginia housing market has tightened dramatically in anticipation of Amazon's HQ2. Buyers and sellers have been scrambling for months to lock up properties and take advantage of the new demand, Axios' Erica Pandey and David McCabe report.
Why it matters: Amazon’s move into Arlington, Va. — the first of 25,000 employees will arrive in June — comes as large tech companies are being blamed for fueling inequality and gentrification in major cities around the country.
The big picture: In Seattle, Amazon's home, housing prices have doubled over the past 6 years. The Washington, D.C., market is already feeling the Amazon effect.
Critics of the project worry rising prices could force current residents out of the neighborhoods around Amazon's campus-to-be.
By the numbers:
What's happening: Homeowners are holding onto their houses in the hopes that they can sell for higher prices once the HQ2 project expands, according to multiple area agents.
Buyers have been rushing to lock in sales before Amazon’s presence bumps up prices. And speculators are circling the neighborhoods close to the HQ2 site.
Go deeper: Erica and David have more here.
Visible satellite image on March 23. Image: CIRA/RAMMB
A struggle is brewing between the nation's weather and climate agencies and the wireless industry concerning 5G spectrum and the reliability of our weather forecasts, Axios' Kim Hart and Andrew Freedman report.
Why it matters: The tug-of-war over a key swath of airwaves underscores the increasingly intense battle for coveted airwaves that power not only our smart phones but also other equipment critical for public safety, including weather forecasting.
The gritty details: In March, the FCC began auctioning off spectrum in the 24 gigahertz band of radio frequencies, which are high-frequency microwave licenses to be used in delivering the 5G services all the nation's carriers are vying to deploy. (AT&T, T-Mobile and Cox were among the pre-approved bidders.)
The problem: These auctioned airwaves are near those used by NOAA equipment designed to see through the clouds to understand what is happening inside weather systems. These sensors operate at a frequency of 23.8 GHz.
The intrigue: The situation escalated politically and White House officials, having made 5G build-out a priority, sided with the FCC.
Go deeper: Kim and Andrew have more here.
Illustration: Aïda Amer/Axios
Every trip to a doctor's office or hospital adds more information to a deep, comprehensive record of who you are — physically, emotionally and even financially. In the latest installment of our series on what data is held by whom, Axios' Bob Herman looks at what hospitals know about their patients.
Why it matters: Health care data breaches are more common than ever, putting our most sensitive personal information at risk of exposure and misuse.
How it works: A vast majority of doctors' offices and hospitals now use digitized records systems, and even though electronic health records have pitfalls, they can help patients and the health care system overall.
Yes, but: "No one truly understands there's no such thing as deleting information from a health care file," said Pam Dixon, executive director of the World Privacy Forum. "You cannot push the rewind button."
The medical details: Health records house more information than most people may realize.
The financial details: Insurance and contact information are always on file with your debit and credit card numbers.
The bottom line: All of this can be exposed in data breaches, but also in medical malpractice lawsuits, workers' compensation lawsuits or custody disputes.
Go deeper: Bob has more here.
The Refinery29 founders; from left to right: Christene Barberich, Justin Stefano, Piera Gelardi, and Philippe von Borries. Photo: Refinery29
Refinery29, the venture-backed digital media company focused on millennial women, is looking to raise up to $20 million in new funding, according to an SEC filing dug up by Axios' Sara Fischer and Kia Kokalitcheva.
The big picture: It plans to use the funds to expand internationally and for its originals studio and events business, Axios has learned.
Details: Refinery 29 has already raised at least $8 million, according to the filing.
Between the lines: The new fundraising comes amid recent challenges, including an increasingly competitive digital advertising landscape.
Go deeper: Sara and Kia have more here.