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Organizing committee CEO Toshiro Muto. Photo:Takashi Aoyama/Getty Images

The Tokyo Olympic organizing committee is investigating an outdoor drinking party at the athletes village, after it broke rules designed to limit the spread of COVID-19, officials said Sunday, per AP.

Why it matters: Before the games, athletes who are competing were warned that drinking alcohol in groups was a breach of the rules intended to limit COVID-19 infections.

  • Athletes were told they were only permitted to drink alone in their rooms, per AP.

In serious cases of rule-breaking, athletes can be removed from the village and be stripped of their Olympic credentials.

The big picture: Japan has recorded a surge in daily coronavirus cases during the tournament, with a total of 264 Olympic-accredited people having tested positive for the virus since July 1, AP reports.

What they're saying: "We are investigating the situation and based on the result we are to take appropriate action,” Organizing committee CEO Toshiro Muto said, per AP.

Go deeper

Sep 28, 2021 - Sports

Simone Biles: I should have quit way before the Tokyo Olympics

Team USA's Simone Biles with her Olympic bronze medal during the women's balance beam final medal ceremony at the Tokyo Games in Japan. Photo: Laurence Griffiths/Getty Images

Simone Biles said she "should have quit way before" the Tokyo Olympic Games, per an interview with New York Magazine published Monday.

The big picture: The 24-year-old U.S. gymnastics great opened up to the magazine about the expectations on her in the leadup to the Tokyo Games and the impact of the abuse by former Olympic Team USA gymnastics doctor Larry Nassar, who's now serving a 40– to 175-year prison term for sexually abusing young athletes.

Updated 28 mins ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.

Fintech's record year

Illustration: Annelise Capossela/Axios

Massive venture rounds into fintech companies have ballooned this year, pushing up total dollars invested — in just the first three quarters of 2021 — to nearly double the amount in all of 2020, per new PitchBook data.

Why it matters: The maturing of fintech startups means a growing number of companies are able to raise huge later-stage funding rounds as investors look to lock-in their bets.