Oct 16, 2017

Ruby Tuesday sells for $146 million, will turn private

Ruby Tuesday's Times Square, Manhattan location. Photo: Mary Altaffer / AP

NRD Capital is buying the 600-restaurant chain Ruby Tuesday for $146 million, AP reports. Ruby Tuesday's shares jumped nearly 20% from $1.99 to $2.37 on the news.

The big picture: Ruby Tuesday, a sit-down establishment, has been losing business to cheaper, fast-casual joints, and has not reported a quarterly profit in two years. NRD will take the company private.

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Marisa Fernandez

Alaska becomes latest state to issue coronavirus stay-at-home order

Data: Axios reporting; Map: Danielle Alberti/Axios

Alaska issued a mandate Friday evening for all people in the state to "remain at their place of residence and practice social distancing" except for those engaged in essential services, including health care and government functions, effective Saturday at 5 p.m.

The big picture: This is the latest state to announce policies to enforce social distancing. More than 1.5 billion people worldwide were asked to stay home Monday.

Go deeperUpdated 12 mins ago - Health

Alexi McCammond

Focus group: Minnesota swing voters balk at Trump's Easter deadline

Illustration: Sarah Grillo/Axios

A group of Midwestern swing voters that supported President Trump's handling of the coronavirus less than two weeks ago is balking at his call for the U.S. to be "opened up" by Easter, saying they'll tolerate business closures for as long as it takes to contain the spread.

Why it matters: Their feedback suggests that some voters otherwise mostly supportive of the president — and who still see financial threats outpacing health threats — aren't so tired of social distancing that they're willing to risk ending it too quickly.

Go deeperUpdated 1 hour ago - Politics & Policy

Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 7 a.m. ET: 607,965 — Total deaths: 28,125 — Total recoveries: 132,688.
U.S.: Leads the world in cases. Total confirmed cases as of 7 a.m. ET: 104,837 — Total deaths: 1,711 — Total recoveries: 894.
Federal government latest: President Trump signed the $2 trillion coronavirus stimulus bill to provide businesses and U.S. workers economic relief.
State updates: North Carolina is latest state to issue stay-at-home order — New York is trying to nearly triple its hospital capacity in less than a month.
World updates: Italy reported 969 coronavirus deaths on Friday, the country's deadliest day.
Business latest: President Trump authorized the use of the Defense Production Act to direct General Motors to build ventilators for those affected by COVID-19. White House trade adviser Peter Navarro has been appointed to enforce the act.
🏰 1 Disney thing: Both Disney World and Disneyland theme parks in the U.S. are closed until further notice.
What should I do? Answers about the virus from Axios experts — What to know about social distancing.
Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Keep ReadingUpdated 1 hour ago - Politics & Policy