SoftBank CEO Masayoshi SonPhoto: Alessandro Di Ciommo/Getty Images

Japan's SoftBank Group today released its latest quarterly earnings, which included a note that its tech-focused Vision Fund had secured $97.7 billion in commitments through the end of September. That's up from the $93.2 billion first close announced in May, and comes just weeks before SVF is slated to hold its final close on at least $100 billion. It appears that the extra $4.5 billion between May and September all came from the parent company.

  • SVF so far has deployed a total of $18.4 billion, which it is carrying at $20.2 billion. Almost all of that paper gain is attributed to NVIDIA. Other portfolio companies include Didi Chuxing, Fanatics, Roviant, WeWork, Arm Holdings and OSIsoft.
  • SVF took on around $2.2 billion in short-term, interest-bearing debt " to increase capital efficiency in investments.
  • SoftBank, which already owns a majority stake in Sprint, said Sunday it plans to increase its holdings after talks to merge with T-Mobile US broke down.

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Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 19,193,661 — Total deaths: 716,735 — Total recoveries — 11,611,029Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 4,918,927 — Total deaths: 160,737 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: White House recommends Trump issue executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Trump: "We are going a different way" on coronavirus aid

President Trump. Photo: Jim Watsonn/AFP via Getty Images

President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.

What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.

Trump's swift, sweeping China offensive

Illustration: Aïda Amer/Axios

President Trump's rhetoric on China has tended to run hotter than his actions — until now.

Why it matters: Even at the height of Trump's trade war, his administration never hit China as hard, as fast, and on as many fronts as it is right now.