Sep 19, 2017

Venture capital trade group sues Homeland Security

AP

The venture capital industry's national trade group is leading a lawsuit against the U.S. Department of Homeland Security over the decision in July to delay a rule that would have made it easier for startup founders to get a visa. The rule, called the International Entrepreneur Rule, was created during theObama administration and was scheduled to come into effect on July 17. It's been postponed until March 2018.

The National Venture Capital Association says that the DHS failed to solicit public comment before making the decision to delay the rule, thus violating the Administrative Procedure Act. At the time of the postponement, the agency said it would get public input as it reconsiders the laws.

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Zipline drones deliver masks to hospitals; vaccines could be next

Zipline's drone drops medical supplies via parachute. Image courtesy of Zipline.

Zipline, a California drone company, has made its U.S. debut by delivering medical supplies to hospitals in North Carolina under a pilot program honed in Africa.

Why it matters: The effort, made possible by a waiver from the Federal Aviation Administration to Novant Health, is the nation's longest-range drone delivery operation and could demonstrate how drones could be used in future pandemics, Zipline officials said.

NHL unveils 24-team playoff plan to return from coronavirus hiatus

Data: NHL; Table: Axios Visuals

The NHL unveiled its return-to-play plan on Tuesday, formally announcing that 24 of its 31 teams will return for a playoff tournament in two hub cities, if and when medically cleared.

Why it matters: Hockey is the first major North American sports league to sketch out its plans to return from a coronavirus-driven hiatus in such detail, and it's also the first one to officially pull the plug on its regular season, which will trigger ticket refunds.

Rising home sales show Americans are looking past the coronavirus

Illustration: Aïda Amer/Axios

Americans are behaving very differently than they have in previous recessions — convinced that the coronavirus pandemic will soon pass, many continue to spend money as if nothing has changed.

Driving the news: The latest example of this trend is the Commerce Department's new home sales report, which showed home sales increased in April despite nationwide lockdowns that banned real estate agents in some states from even showing listed houses.