Dec 9, 2019

World Anti-Doping Agency hands Russia four-year international sports ban

The Olympic Cauldron at the Sochi 2014 Winter Olympics. Photo: Richard Heathcote/Getty Images

The World Anti-Doping Agency on Monday banned Russia's flag and national anthem from international sporting competitions — including the 2020 Summer Olympics in Tokyo — for four years after state authorities tampered with a doping laboratory's database, AP reports.

The big picture: Russian athletes not implicated in the scheme will be allowed to compete in neutral uniforms, but will not be able to display their flag or anthem. Some officials were frustrated that the ban, which will almost certainly face an appeal, couldn't go farther, as it still allows Russian athletes to take part in international competition.

Go deeper: World Anti-Doping Agency recommends Olympic ban for Russia

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Audit report: Tokyo Olympics likely to cost more than $12.6 billion

The National Stadium, venue for the upcoming Tokyo 2020 Olympic Games. Photo: Behrouz Mehri/AFP via Getty Images

Japan's National Audit Board released a report on Friday suggesting the Tokyo Olympics is likely to cost $9.7 billion in addition to the $12.6 billion that organizers are claiming the event's price tag will be, AP reports.

Why it matters: Only $5.6 billion in private money is allocated to fund the Olympics. The remainder of the funds will come from taxpayers across the country, the city of Tokyo and other government bodies, according to AP.

Go deeperArrowDec 21, 2019

The Olympics and the 2020 election are saving next year's TV advertising sales

Data: MAGNA Advertising; Table: Andrew Witherspoon/Axios

If it weren't for the Olympics and the election next year, TV advertising sales would be down again next year, according to MAGNA, an advertising firm.

Why it matters: Engaged live audiences have become a commodity for advertisers, and they are willing to spend big.

Trump to meet with Russian foreign minister for first time since 2017

President Trump and Russian Foreign Minister Sergei Lavrov during their 2017 White House meeting. Photo: Alexander Shcherbak/TASS via Getty Images

President Trump is scheduled to meet with Russian Foreign Minister Sergey Lavrov Tuesday during Lavrov's first trip to Washington, D.C., since their controversial oval office meeting in 2017.

Why it matters: Lavrov met with Trump in the Oval Office in 2017 when Trump reportedly divulged classified information to the foreign minister and Sergey Kislyak, who was then the Russian ambassador to the U.S., the day after he fired then-FBI Director James Comey as the Bureau probed ties between Trump associates and Russia.

Go deeperArrowDec 10, 2019