Dec 7, 2017

Saudi crown prince was behind purchase of $450 million da Vinci

Dave Lawler, author of World

Saudi Press Agency via AP

Last night, a little-known Saudi prince was identified as the anonymous buyer who paid a record $450 million last month for a painting by da Vinci. According to the Wall Street Journal, that buyer was a proxy for Mohammad bin Salman, the Saudi crown prince.

The backdrop: Mohammad is in the midst of what he calls a crackdown on corruption, and has been criticized internationally as a power grab. That's interesting timing to pay nearly half a billion dollars for a painting.

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Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

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  3. States: California to independently review FDA-approved coronavirus vaccines
  4. Wisconsin judge reimposes capacity limit on indoor venues.
  5. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  6. Business: Consumer confidence surveys show Americans are getting nervous — How China's economy bounced back from coronavirus.
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Dion Rabouin, author of Markets
2 hours ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

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Rebecca Falconer
3 hours ago - Health

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.

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