May 11, 2018

Starbucks changes bathroom rules after Philadelphia arrests

Photo: Michael Brochstein/SOPA Images, LightRocket via Getty Images

Starbucks bathrooms will now be open to everyone after last month's controversial arrest of two African American men in Philadelphia.

Driving the decision: “We don’t want to become a public bathroom, but we’re going to make the right decision a hundred percent of the time and give people the key,” said Starbucks Chairman Howard Schultz, per the AP. “We don’t want anyone at Starbucks to feel as if we are not giving access to you to the bathroom because you are less than.”

  • Schultz said access to Starbucks bathrooms was previously dictated by a "loose policy" that required a store purchase, but was ultimately left with store managers to determine.

The backdrop: The arrests were captured on video and quickly went viral on social media, prompting national outcry. Starbucks has since responded with several public apologies, and announced last month that the company will close all stores across the country on May 29th for an afternoon of racial bias training.

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Peter Navarro defends hydroxychloroquine use in heated CNN interview

White House economic adviser Peter Navarro defended the use of anti-malarial drug hydroxychloroquine to treat coronavirus during a CNN interview Monday, highlighting "the possibility" that it has therapeutic efficacy.

Why it matters: Navarro did not deny reporting from Axios' Jonathan Swan that he got into a heated exchange in the White House Situation Room over the weekend with infectious disease expert Dr. Anthony Fauci about the drug's prospects against the illness.

Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

Health care workers are at an especially high risk of catching the coronavirus, because of their prolonged exposure to patients who have it. Making matters worse, the U.S. doesn't have enough of the protective equipment, like masks and gloves, that keeps them safe.

  • And yet these workers, with loved ones of their own, keep showing up at hospitals across the country, knowing that more Americans than they can possibly care for are depending on them.
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Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

The Fed's massive injections of liquidity have reopened much of the bond market, and after back-to-back weeks in which more than $100 billion flowed out of bond funds, investors have regained their bearings and now see opportunity.

What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.