While it has struggled in the past to convert its success online into a presence in physical retail stores, PayPal is planning another go at it. During an "Axios on HBO" interview, CEO Dan Schulman said that the company will make new efforts starting next year under both the PayPal and Venmo brands.

Why it matters: The offline and online payments worlds are increasingly converging. Apple, for example, has introduced the Apple Card to go along with Apple Pay.

Details: PayPal thinks it can succeed now even though it has struggled in the past.

  • Schulman said that Paypal didn't have much to offer as a simple alternative to a credit card, but it can offer more in a world where people want to use reward points, split payments or even bypass the checkout line entirely.
  • "Before it was kind of a a a solution in search of a problem," Schulman said. "What I'm beginning to see right now is so that you can do different things now by tapping a phone. ... And as a result, you'll see PayPal increasingly become a part of the physical world as well as the digital world."
  • Schulman was short on details, but mentioned that QR codes could play a role, especially with small and micro businesses, while PayPal can also tap into the NFC transactions already accepted for things like Apple Pay and Google Pay.

Bigger picture: PayPal's $2.2 billion iZettle acquisition should help the company's in-store efforts globally.

Go deeper: PayPal's CEO doesn't think entering China will force his company to compromise its values

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Illustration: Aïda Amer/Axios

In 2018 President Trump granted the Central Intelligence Agency expansive legal authorities to carry out covert actions in cyberspace, providing the agency with powers it has sought since the George W. Bush administration, former U.S. officials directly familiar with the matter told Yahoo News.

Why it matters: The CIA has conducted disruptive covert cyber operations against Iran and Russia since the signing of this presidential finding, said former officials.

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Illustration: Annelise Capossela/Axios

Tech was the first industry to send its workers home when COVID-19 first hit the U.S., and it has been among the most cautious in bringing workers back. Even still, many companies are realizing that their reopening plans from as recently as a few weeks ago are now too optimistic.

Why it matters: Crafting reopening plans gave tech firms a chance to bolster their leadership and model the beginnings of a path back to normalcy for other office workers. Their decision to pause those plans is the latest sign that normalcy is likely to remain elusive in the U.S.

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Illustration: Eniola Odetunde/Axios

The coronavirus pandemic has changed the game for U.S. businesses, pushing forward years-long shifts in workplaces, technology and buying habits and forcing small businesses to fight just to survive.

Why it matters: These changes are providing an almost insurmountable advantage to big companies, which are positioned to come out of the recession stronger and with greater market share than ever.