Lee Jin-man / AP

South Korean prosecutors announced Tuesday that they're going to officially charge Jay Y. Lee — the third-generation heir and de facto leader of Samsung — with bribery, embezzlement, and hiding assets overseas. Formal charges were also filed against four other Samsung executives.

Background: Earlier this month, prosecutors arrested Lee, saying he bribed impeached President Park Geun-hye's close friend Choi Soon-sil with millions of dollars in order to gain government support for a 2015 company merger with Cheil Industries that would cement his control over Samsung. Lee, Park and Choi all denied the allegations.

What's next: The charges come ahead of a court ruling on whether to uphold parliament's December impeachment of Park, whose powers were suspended on accusations that she colluded with Choi to pressure big businesses, like Samsung, to make donations to charities that supported the president's policy agenda. "The indictment describes in detail the private conversation between Jay Y. Lee and President Park Geun-hye," said Lee Kyu-chul, a spokesman for the special prosecutor. The special prosecutor's office will deliver a final report on its investigation on March 6.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:45 p.m. ET: 19,282,972 — Total deaths: 718,851 — Total recoveries — 11,671,491Map.
  2. U.S.: Total confirmed cases as of 9:45 p.m. ET: 4,937,441 — Total deaths: 161,248 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.

Trump considering order on pre-existing condition protections, which already exist

Photo: Jim Watson/AFP via Getty Images

President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.

Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.