Oct 4, 2017

Rep. Tim Murphy won't seek re-election after abortion reports

Rep. Joseph Crowley, D-N.Y., left, and Rep. Tim Murphy, R-Pa., right, walk outside the Supreme Court in 2015. Photo: Pablo Martinez Monsivais / AP

Representative Tim Murphy told KDKA's Jon Delano he won't be seeking re-election in 2018, just a day after the Pittsburgh Post-Gazette reported he pushed his mistress to have an abortion earlier this year despite his pro-life political stance.

Why it matters: There are three Democrats already vying for his seat, according to Ballotpedia. Murphy, who has been in Congress since 2003, ran unopposed — by Dems and Republicans alike — in every election since 2012.

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Minneapolis will ban police chokeholds following George Floyd's death

A memorial for George Floyd at the site of his death in Minneapolis. Photo: Steel Brooks/Anadolu Agency via Getty Images

Minneapolis has agreed to ban the use of police chokeholds and will require nearby officers to act to stop them in the wake of George Floyd's death, AP reports.

Why it matters: The agreement between the city and the Minnesota Department of Human Rights, which has launched an investigation into Floyd's death while in police custody, will be enforceable in court.

Better-than-expected jobs report boosts stock market

Data: Yahoo Finance; Chart: Axios

The S&P 500 jumped nearly 3% on Friday after a stronger-than-expected May jobs report showed that an economic recovery could be underway.

The state of play: Stocks have rallied since the worst of the coronavirus sell-off ended in late March and looked past a spate of ugly economic reports — not to mention civil unrest.

The Athletic lays off 8% of staff, implements company-wide pay cut

Adam Hansmann (left) and Alex Mather (right), co-founders of The Athletic. Photo: Steph Gray, courtesy of The Athletic

The Athletic is laying off nearly 8% of staff, 46 people, according to an internal memo obtained by Axios.

Why it matters: It's the latest media company that's been been forced to take drastic measures to survive the economic fallout from the coronavirus. Like many sports media outlets, The Athletic has been particularly impacted by the loss of live sports.