A man in Moscow looks at craft beer. Photo: Vasily Maximov/AFP/Getty Images

The World Health Organization said in a new report that alcohol consumption in Russia decreased by 43% per capita from 2003 to 2016, according to the BBC.

Why it matters: Russia, which has been considered one of the heaviest-drinking countries in the world, is simultaneously experiencing a significant rise in life expectancy as a result of the drop in alcohol consumption.

Details: The WHO attributed the decline in alcohol consumption to alcohol-control measures introduced under former President Dmitry Medvedev, including advertising restrictions and increased taxes.

  • Additionally, alcohol, including beer, can only be bought in shops or from delivery firms until 11 p.m.
  • Drinking alcohol on the street has been banned.
  • Russians are also actively adopting more health-conscious habits like their European and American counterparts.

By the numbers: Life expectancy in the country reached a historic peak in 2018, with men living an average of 68 years and women for 78 years. In the early 1990s, male life expectancy was just 57 years, according to The Guardian.

Go deeper: Drugs, sex and alcohol are losing their appeal for American teens

Go deeper

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 2 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).