Photo: Mikhail Svetlov / Getty Images

A forthcoming Treasury report on the close ties between Russian oligarchs and Russian President Vladimir Putin has been branded a "direct and obvious attempt to influence [March's Russian presidential] elections" by Putin's spokesman, per the BBC. The report was part of last year's package of sanctions against Russia, designed to "name and shame" members of Putin's inner circle in retaliation for Russia's interference in the 2016 election.

Why it matters: The report won't pose any political problems for Putin, who will win reelection handily in March, but it could create other structural issues for his regime. The report is expected to out the corrupt sources of income for some of his biggest — and richest — supporters and could, in turn, prompt additional economic sanctions from the U.S. against prominent Russian individuals.

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2 hours ago - World

Macron visits Beirut promising a "new political pact" for Lebanon

Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images

French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.

Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.

3 hours ago - Sports

The PGA Championship is golf's first major in over a year

Photo: Gary Kellner/PGA of America via Getty Images

The 2020 PGA Championship tees off Thursday at San Francisco's TPC Harding Park, which is hosting its first-ever major.

Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.

July's jobs report could be an inflection point for the coronavirus recovery

Illustration: Sarah Grillo/Axios

Even if Friday's jobs report shows a big number, it is becoming clear hiring slowed and likely even reversed course in July and real-time indicators suggest the employment situation worsened into August.

Driving the news: Payroll processor ADP's monthly jobs report showed private companies added 167,000 jobs last month, well below the 1.2 million expected by economists and far below June's 4.8 million jobs added.