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Gerry Broome / AP

North Carolina's HB2 "bathroom bill" limiting LGBT rights will cost the state more than $3.76 billion in lost business over 12 years, reports the AP, citing data compiled through interviews and public records requests.

But HB2 supporters argue they're willing to absorb the costs. "The effect is minimal to the state," said Lt. Gov. Dan Forest, a stringent defender of the bill, to Texas legislators considering a similar law. "Our economy is doing well. Don't be fooled by the media. This issue is not about the economy. This issue is about privacy, safety and security in the most vulnerable places we go."

Go deeper

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

Caitlin Owens, author of Vitals
52 mins ago - Health

Coronavirus death rates rising across the country

Expand chart
Data: The COVID Tracking Project, Census Bureau; Cartogram: Andrew Witherspoon/Axios

Daily coronavirus-related deaths in the U.S. hit a new record on Wednesday, when roughly 2,800 people died from the virus.

The big picture: Caseloads and hospitalizations continue to rise, and deaths are spiking in states all across the country.

52 mins ago - World

Ratcliffe's long-term China play

Ratcliffe testifies before the Senate Intelligence Committee in May. Photo: Andrew Harnik-Pool/Getty Images

Director of National Intelligence John Ratcliffe told Axios in an interview Thursday that "China and China alone is the only country that has the ability to compete with the U.S." — and hopes the intelligence community will adopt his view even under "the next administration."

Why it matters: Ratcliffe's comments suggested that he's trying to lock in the Trump era's harder line on China for the long term.