The Yahoo! Bejing offices, circa 2015. Photo: VCG/VCG via Getty Images

The Securities and Exchange Commission fined Altaba, the holding company of the of the remaining bits and pieces of Yahoo, $35 million on Tuesday for failing to disclose its historic data breach to shareholders.

The big picture: Hackers stole hundreds of millions of usernames, email addresses, phone numbers, birthdates, encrypted passwords and security questions and answers from Yahoo in 2014. Yahoo did not disclose the breach until it began closing its sale to Verizon in 2016.

What they're saying: “We do not second-guess good faith exercises of judgment about cyber-incident disclosure," said Steven Peikin, co-director of the SEC Enforcement Division. said in a written statement. "But we have also cautioned that a company’s response to such an event could be so lacking that an enforcement action would be warranted. This is clearly such a case.”

Go deeper

8 mins ago - Health

Health workers fear new shortages of protective equipment

Illustration: Sarah Grillo/Axios

Health care workers faced severe shortages of face masks, gowns and other protective equipment at the beginning of the coronavirus pandemic, and they're afraid it's happening again now.

Why it matters: Hospitals, nursing homes and physician clinics need this equipment to protect themselves and to avoid spreading infection. Supplies are already stretched thin, and will likely get thinner as the coronavirus and flu season converge in the fall.

Planned Parenthood launches digital ad campaign for Biden

Photo: Erik McGregor / Contributor

Planned Parenthood Votes, the political arm of the national reproductive rights group, is ramping up its general election efforts, launching five-figure digital ad campaigns across nine battleground states.

Why it matters: This is the group's biggest election cycle effort yet, part of a larger $45 million investment ahead of November's election, and provides a glimpse of how Democrats are trying to take down President Trump on women's health issues while boosting Joe Biden as the alternative.

Pro-Trump PAC drops $23 million on summer anti-Biden ads

Screenshot: America First Action

America First Action, a leading pro-Trump super PAC, will focus on Arizona, North Carolina, Pennsylvania and Wisconsin in a $23 million anti-Biden summer ad campaign beginning next week.

Why it matters: The ad buy signals which swing states the groups sees as most vulnerable for President Trump. Arizona and Wisconsin were not included earlier this year in the core battleground strategy.