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Sony

Sony said Tuesday that its next game console, the PlayStation 5, will arrive by next year's holiday shopping season. It also announced the PS5's controllers will feature advanced haptics with variable tension, so shooting a bow and arrow feels more realistic, for example.

Why it matters: Though eagerly awaited by hard core gamers, the new PlayStation will face competition not just from Microsoft's next Xbox, but also from streaming services like Google's Stadia.

The big picture: Sony unveiled the PS5 in April but didn't say when it would ship. Microsoft announced earlier this year that its next Xbox, code-named Project Scarlett, is also due out for next year's holidays. Both are powered by AMD's Ryzen processor and will pack far more computing power than their predecessors.

Go Deeper: An exclusive look at the PlayStation 5 (Wired)

Go deeper

52 mins ago - Axios on HBO

Preview: "Axios on HBO" interviews White House Senior Advisor Cedric Richmond

On the next episode of "Axios on HBO," Axios co-founder Mike Allen interviews White House Senior Advisor Cedric Richmond.

  • Catch the full interview and much more on Sunday, February 28 at 6 pm. ET/PT on all HBO platforms.
2 hours ago - World

Italy tightens COVID restrictions as experts warn of growing prevalence of variants

Health workers prepare vaccine doses in Iseo, Italy. Photo: Stefano Nicoli/NurPhoto via Getty Images

Italy on Saturday announced it was tightening restrictions in five of the country's 20 regions in an effort curb the spread of the coronavirus.

Driving the news: The announcement comes as health experts and scientists warn of the more transmissible coronavirus variants, per Reuters.

3 hours ago - Health

Health care in the New Washington

Illustration: Sarah Grillo/Axios

As America emerges from the pandemic, here's a special Axios AM Deep Dive on the Biden administration's health care agenda.

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