The conservative One America News Network is breaking with most media organizations by supporting the White House against CNN in the legal battle over correspondent Jim Acosta's suspended press badge.

"WE are going to file in the CNN vs White House court an Amicus Brief in favor of the White House. Acosta’s actions are stopping our people from getting their questions answered, so that we can give our audience the real news direct from our President. ... Can’t believe Fox is on the other side, but they have direct communication to the President. We are lucky if we get a five minute interview once a quarter."
OANN CEO Robert Herring

Between the lines: OANN is a competitor to Fox News and is struggling to pull itself from the bottom of the cable ratings. But Marc Fisher of the Washington Post writes, "it is nonetheless one of President Trump's favorite media outlets."

  • "[CEO Robert Herring] often said OAN’s purpose was to give viewers the news they needed to make educated choices. But he increasingly directed the newsroom to cover stories that reflected his personal views," WaPo reports.
  • The network focuses on conservative topics such as anti-abortion issues and defending police in shootings.
  • It reportedly minimizes coverage of the Russia investigation and refrains from covering the troubles of the White House.

Thought bubble from Axios' Sara Fischer: Conservative outlets are trying to ensure that they have support from the press corps should they face adversity from a Democratic-leaning administration in the future. Fox News received support from the White House press corps in 2009 amid friction with the Obama administration.

Go deeper

Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.