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Steve Bullock. Photo: Justin Sullivan/Getty Images

Democratic presidential candidate and Montana Gov. Steve Bullock told a CNN town hall in New York Sunday that it's possible to reach net zero carbon emissions by 2040 "or even earlier."

Details: That's much faster than UN goals for world leaders to commit to net zero emissions by 2050. Bullock pledged at the town hall to start tackling the climate crisis by rejoining the Paris Climate Agreement, which President Trump announced in 2017 he would withdraw the U.S from.

The big picture: Democratic presidential candidates will take part in a CNN climate change town hall in September. However, Bullock has yet to qualify for the event.

  • Bullock's environmental record as Montana's governor includes adopting the "Blueprint for Montana’s Energy Future" in 2016 with the goal of pushing the state toward more renewable energy, creating new jobs and providing a tax incentive for those who comply.

Go deeper: Climate change is a massive issue for Democrats in 2020

Go deeper

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.

Felix Salmon, author of Capital
3 hours ago - Economy & Business

Americans are still spending money

Source: Census Bureau; Chart: Axios Visuals

Americans spent more money at stores and restaurants in 2020 than they did in 2019 — even in the face of a devastating global pandemic that shut down broad sectors of the economy.

Why it matters: The monthly retail sales report this morning came in well below expectations, and showed consumer spending falling on a seasonally-adjusted basis. Total expenditures were still higher in December 2020 than they were a year previously, however.

The deplatforming fight shifts to the courts

Illustration: Eniola Odetunde/Axios

The Capitol riot and tech firms' sweeping attempt in its wake to dislodge the online far right are kicking up efforts to have the courts settle knotty questions about online speech and power.

Why it matters: Legal battles could force the people angry at Big Tech to bring more rigor to arguments that have often devolved into messy sideshows.