Dec 4, 2018

Serial sex offender Jeffrey Epstein settles civil lawsuit

Wealthy financier and registered sex offender Jeffrey Epstein has reached a "last-minute settlement" in a civil lawsuit brought by Bradley Edwards, an attorney for some of Epstein's alleged victims, the AP reports. The deal was made Tuesday just before jury selection was to begin, meaning none of Epstein's accusers will be able to testify in court for now.

The big picture: A bombshell Miami Herald investigative series published last week highlighted for the first time the extent of Epstein's alleged crimes and the soft treatment he received from federal prosecutors. While he was allegedly raping teenage girls, Epstein cultivated cozy relationships with America's elites, including former President Bill Clinton, President Donald Trump and Alan Dershowitz — who still provides Epstein with legal advice, Axios' Jonathan Swan reported on Sunday.

Editor's note: The headline and story have been corrected to reflect that Epstein settled a civil lawsuit with attorney Bradley Edwards — not a case involving his accusers.

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Coronavirus updates: First case in sub-Saharan Africa confirmed

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Nigeria confirmed its first novel coronavirus case in an Italian who flew to Lagos from Milan — the first known case in sub-Saharan Africa. The World Health Organization has been working to prepare Africa's health care systems to be ready for the outbreak, which is now also confirmed in Algeria and Egypt.

The big picture: COVID-19 has killed more than 2,850 people and infected over 83,700 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

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Illustration: Aïda Amer/Axios

Spending on the 2020 presidential primary has officially surpassed the $1 billion mark, with more than half of that total coming from billionaire Michael Bloomberg, according to data from Advertising Analytics.

Why it matters: It's the most money that has been spent this early on in an election cycle in U.S. history.

The growing coronavirus recession threat

Illustration: Aïda Amer/Axios

In just a matter of weeks, top economists and investment bank analysts have gone from expecting the coronavirus outbreak to have minimal impact on the U.S. economy to warning that an outright recession may be on the horizon.

What's happening: The spread of confirmed coronavirus cases in Europe, the Middle East and the U.S., and the speed at which they are being discovered has set the table for the outbreak to have a larger and much costlier impact.