Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia leaves OPEC headqaurters in Vienna, May 2017. Photo: Ronald Zak / AP

OPEC and Russia have officially agreed to extend production cuts by nine months, through the end of 2018, per Bloomberg. Nigeria and Libya, which were previously exempt from the cuts, have also agreed to enter the deal for the first time. Their addition is a victory for OPEC, as their rising production output has been a challenge to the group's efforts to tighten the market.

Why it matters: The very existence of this Saudi-Russia cooperation signals the extent of the shadow the U.S. shale industry has cast over the oil market in recent years.

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TikTok's content-moderation time bomb

Illustration: Aïda Amer/Axios

When the dust finally clears from the fight over TikTok, whoever winds up running the burgeoning short-video-sharing service is likely to face a world of trouble trying to manage speech on it.

Why it matters: Facebook’s story already shows us how much can go wrong when online platforms beloved by passionate young users turn into public squares.

Ben Geman, author of Generate
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Zooming in on China's new energy plan

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Major climate news arrived on Tuesday when Chinese President Xi Jinping said China would aim for "carbon neutrality" by 2060 and a CO2 emissions peak before 2030.

Why it matters: China is by far the world's largest greenhouse gas emitter. So its success or failure at reining in planet-warming gases affects everyone's future.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 31,647,930 — Total deaths: 971,711 Total recoveries: 21,776,599Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 6,897,661 — Total deaths: 200,818 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: Hospitals want more time to repay pandemic loans — Supply shortages continue to plague testing.
  4. Business: The high-wage jobs aren't coming back
  5. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  6. Sports: Less travel is causing the NBA to see better basketball.

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