Sen. Josh Hawley (R-Mo.) earlier this week introduced legislation aimed at stemming the use of forced labor by American corporations — particularly those that operate much of their supply chain through China.
Axios Re:Cap talks with Hawley about the bill, U.S. prison labor, China's persecuted Uighurs and what he sees as Corporate America's hypocrisy. Plus, he shares his thoughts on the new federal stimulus negotiations.
Prosecutors say the Chinese consulate in San Francisco is harboring a researcher after the FBI interviewed her about alleged visa fraud on June 20. The researcher was charged for lying about her affiliation with a Chinese military university. This move could cause serious tension between the China and the U.S., especially as the U.S. is seeking to crack down on Chinese espionage and research theft.
Hedge fund titan Bill Ackman on Wednesday raised $4 billion in an IPO on the New York Stock Exchange. But it wasn’t for a company, or even for the firm that controls his hedge funds. It was for something called a SPAC, and it was the largest SPAC IPO of all time.
Axios Re:Cap digs into Wall Street's latest craze with Ackman, who was ahead of his time in 2012 when he used a SPAC to bring Burger King public.
Many school districts are still debating to what extent they might go virtual this year, but some families are taking their children’s education into their own hands. Neighbors are banding together to form schooling "pods" with private instructors as a way to secure child care and make sure their kids don't fall behind in school. However, this trend could deepen the educational divide along racial and class lines.
