Aug 3, 2018

Phil Bredesen wins Democratic Senate primary in Tennessee

Photo: Danny Murphy/Icon Sportswire via Getty Images

Democrat Phil Bredesen won his primary for U.S. Senate tonight. He's the former governor of Tennessee and a strong candidate against GOP Rep. Marsha Blackburn.

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Why it matters: This is one of the most vulnerable GOP Senate seats in the 2018 midterm after Sen. Bob Corker announced his retirement in the fall. Republicans are worried about Bredesen because he's campaigning to attract Independent voters while Blackburn is positioning herself as a Trump loyalist.

Go deeper: Our Axios/SurveyMonkey poll shows where each candidate stands in 13 battleground races.

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Congress' $250 billion PPP injection could come too late for some businesses

Illustration: Sarah Grillo/Axios

Before the Paycheck Protection Program formally launched last Friday, we knew two things: The rollout would be rocky, and the initial $250 billion wouldn't be enough for America's small businesses.

The state of play: Banks and government officials have been working to smooth out the process, and on Thursday the Senate will vote to pump another $250 billion into the program.

Fauci: Social distancing could reduce coronavirus death toll to 60,000

Photo: Chip Somodevilla/Getty Images

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told NBC's "Today" on Thursday that he's hopeful that social-distancing measures in place across the U.S. will reduce the total number of coronavirus deaths.

Why it matters: Fauci said that while early models projected between 100,000 and 200,000 U.S. deaths from the pandemic, he now believes that number could come down to 60,000 — but he emphasized the importance of keeping social distancing in place to ensure that trend holds.

Go deeperArrow30 mins ago - Health

OPEC+ and G20 energy meetings mark zero hour for oil diplomacy

Illustration: Aïda Amer/Axios

The next two days will be pivotal for determining whether large oil-producing countries can partially stabilize an industry reeling from very low prices and the historic, coronavirus-fueled collapse in demand.

Driving the news: The OPEC+ group led by Saudi Arabia and Russia begin meeting remotely later Thursday morning to discuss production cuts, to be followed by a virtual Friday meeting among G20 energy ministers that includes the U.S.