Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

On Wednesday, May 27, Axios Business Editor Dan Primack and Markets Reporter Courtenay Brown hosted a conversation on the future of small businesses with the owner and head chef of D.C.-based restaurant Kith and Kin Kwame Onwuachi and the author and co-owner of Parnassus Books Ann Patchett.

Onwuachi highlighted the limitations of the PPP loan for businesses and called for a restaurant stabilization fund to support workers and business owners in the service industry.

  • On the PPP loan: "It's a small Band-Aid on a large problem...And we need something to help [restaurants] restabilize. There's going to be a lot of costs that we're going to be incurring for reopening."
  • On access to PPP for restaurants run by immigrants or people of color: "They don't have those same relationships with their bankers and their accountants and their finance people in order to access those funds. Their names weren't put at the top of the list."

Patchett discussed how Parnassus Books has adapted to the current safety measures and how they're keeping customers and workers safe.

  • On reopening: "I don't think it's a gut thing [of when to decide to reopen], I think it's a science thing...It doesn't make any sense to be the leader in opening up a store where we could make our staff and our customers sick."
  • On how the bookstore model might change: "I think that if we have vaccines, we're going to be very much the same... [but] we do a lot of our business at big events. So that's really going to be the question. Are we going to be able to have those big author events?"

In a View from the Top segment, Axios CEO & Co-founder Jim VandeHei spoke with head of Goldman Sachs Urban Investment Group Margaret Anadu about how small businesses can get financial support during this economically turbulent time. Anadu highlighted Goldman Sachs loan data that shows that African American business owners have not been able to apply for PPP loans at the same rate as other businesses.

  • "A lot of those disparities...did not materialize overnight. They're not specifically and only related to the pandemic we're currently in, but they really shine a light on the disparities that have been in these communities for a long time."

Thank you Goldman Sachs for sponsoring this event.

Go deeper

Updated Aug 27, 2020 - Axios Events

Watch: The future of employability and broadband

RNC week: Axios co-founder Mike Allen hosted a conversation on the future of broadband access, featuring House Minority Leader Kevin McCarthy, FIL founder Frank Luntz and Microsoft President Brad Smith.

Frank Luntz discussed the need for investment in accessible broadband as a key part of upskilling and job training, especially during the economically turbulent pandemic.

  • On the necessity of broadband access: "This is not a political issue. This is not a partisan issue. Elected officials on the federal and state and local level have a responsibility to provide these programs so that people are able to make a difference in their lives."

Brad Smith highlighted how rural areas are severely impacted by lack of broadband access and the need to close this divide.

  • "Broadband is the electricity of our age. If you want to use a telehealth service. you need broadband. If you want to take a community college course online, you need broadband...But in so many of our rural communities in the United States today, that is missing."

Unpacking the relationship between Silicon Valley and DC, House Minority Leader Kevin McCarthy discussed worries in Congress about Big Tech and the outsize impact that large tech companies have on the flow of information.

  • "Their power is only getting larger, and in the world of COVID, it's getting larger because they have more influence. But I don't think they're forthcoming on a lot, I have real concerns on what Google has been doing."

Thank you Microsoft for sponsoring this event.

Updated 14 mins ago - Politics & Policy

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

The latest: The president called Doocy Monday evening, the reporter told Fox's Sean Hannity. "He cleared the air and I appreciated it. We had a nice call," Doocy said when asked whether the president apologized, adding: "I don't need anyone to apologize to me."

Updated 1 hour ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Fauci: "Confident" Omicron cases will peak in February.
  2. Vaccines: The shifting definition of fully vaccinated.
  3. Politics: New York Supreme Court strikes down Gov. Hochul's mask mandate for public areas — Sarah Palin tests positive for COVID, delaying defamation trial — Virginia school boards sue Gov. Youngkin for lifting mask mandate.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker