Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Via The New York Times

A New York Times investigation found that of more than 900 powerful officials — including executives and prominent positions — only about 20% identify as people of color.

Why it matters: While 40% of Americans identify as Black, Hispanic, Asian, Native American, multiracial or other, representation of those groups at the highest levels of corporate power is sparse, per the Times.

The investigation found:

  • "Of the people at the top of the 25 highest-valued companies, 6 are Asian or Black."
  • "Of the people who head universities ranked in the top 25, 1 is Hispanic."
  • "15 people direct major news organizations. 3 are Black or Hispanic."
  • "The 5 people who have the most influence over book publishing are all white."
  • "The people who edit the 10 most-read magazines are all white."
  • "14 people influence most of the music that is produced and played. 2 are Black or Hispanic."
  • "25 people run the top TV networks and Hollywood studios. 3 are Black or Hispanic."
  • "Of the people in charge of the 25 highest-valued fashion companies, 3 are Asian or Hispanic."
  • "99 people own professional baseball, basketball and football teams. 6 are Asian, Black or Hispanic."
Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

American dream deferred

Photo illustration: Aïda Amer/Axios. Photos: Lambert Studios (ARC), H. Armstrong Roberts (ClassicStock)/Getty Images

The U.S. government partnered with the private sector for decades to prevent Black Americans and immigrants from owning homes, and while explicit rules regulating where people of color live were outlawed in 1968, the legacy of racial segregation in undervalued neighborhoods still reverberates throughout the country.

Why it matters: Owning a home is an integral piece of the American dream, and the single most important driver of wealth generation and financial security — especially for Black households.

The rental housing market's "Black tax"

Photo illustration: Sarah Grillo/Axios. Photo: Underwood Archives/Getty Images

Renters of color, especially Black Americans, often pay a "Black tax" — a premium for renting similar housing in the same neighborhoods as whites.

Why it matters: A recent study found that Black tenants paid as much as 2% more in rent — a gap that widened if the area had a bigger population of white people. Higher rent is just one hurdle to accessibility and affordability in the rental market that people of color uniquely deal with despite federal fair housing laws enacted more than 50 years ago.

Updated 11 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."