Photo: Scott Varley/Digital First Media/Torrance Daily Breeze via Getty Images

Sears has hired liquidator Abacus Advisory Group to sell the retailer's inventory and other physical assets if takeover negotiations with chairman Eddie Lampert fail, Reuters reports.

The bottom line: While this isn't a final nail in the coffin for Lampert's $4.4 billion rescue effort, it does mean the gravediggers have been summoned. "The billionaire and Sears are racing to resolve the bid’s sticking points before a Tuesday court date after negotiations dragged well beyond a Friday deadline. ... The bid would preserve 425 Sears stores and up to 50,000 jobs across the United States. ... A liquidation would put roughly 68,000 people Sears now employs out of work," write Reuters' Jessica DiNapoli and Mike Spector.

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Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

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Illustration: Eniola Odetunde/Axios

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Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.