A screenshot of former President Obama's address during the "Show Me Your Walk H.B.C.U. Edition." Photo: Chase/YouTube

Former President Obama told seniors graduating from historically black colleges and universities Saturday "this pandemic has fully, finally torn back the curtain on the idea that so many folks in charge know what they're doing."

Why it matters: Obama's address during the "Show Me Your Walk H.B.C.U. Edition," hosted by comedian and actor Kevin Hart, was the first of two virtual commencement speeches containing criticism of the coronavirus response. Obama used his first public address since the outbreak began to note that "a disease like this just spotlights the underlying inequalities and extra burdens that black communities have historically had to deal with in this country."

Read the full transcript of Obama's speech to HBCU graduates via DocumentCloud below:

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Biden confidants see VP choices narrowing to Harris and Rice

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Confidants of Joe Biden believe his choices for vice president have narrowed to Sen. Kamala Harris and Susan Rice — and would be surprised if he picks anyone else.

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Illustration: Aïda Amer/Axios

Will you step back into an elevator any time soon?

Why it matters: Tens of billions of dollars — and the future of cities around the country — rest on the answer to that question. So long as workers remain unwilling to take elevators, hundreds of billions of dollars' worth of office real estate will continue to go largely unused.