May 21, 2018

Populist parties agree on candidate to be Italy's new Prime Minister

Five Star Movement leader Luigi Di Maio talks with the press. Michele Spatari/NurPhoto via Getty Images

Giuseppe Conte, a law professor with no political experience, has been nominated by Italy's populist coalition-in-waiting to be the next prime minister. Luigi Di Maio, leader of Italy’s anti-establishment Five Star Movement, met with President Sergio Materella and proposed Conte for the role.

The big picture: The Five Star Movement and the League are on the verge of forming the next Italian government after a shocking result in last march's election. The markets have been rallying against Italian bonds in fear that the new government's policies will deepen Italy's fiscal crisis and harm relations with the European Union.

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 6 hours ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

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