Dec 3, 2018

Stocks surge following Trump-Xi trade war truce

Photo: Spencer Platt/Getty Images

Stocks jumped in early trading on Monday, with the Dow Jones Industrial Average opening 400 points higher and the S&P 500 and Nasdaq Composite each rising over 1%.

Why it matters: The stock surge comes after the 90-day ceasefire of the trade war between the U.S. and China, with the hope that it will ratchet down tensions between the two nations in the long term and provide relief for companies that have been feeling the pain from tariffs.

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Bob Herman

Hospitals are starting to get their coronavirus cash infusion

Illustration: Rebecca Zisser/Axios

The federal government is sending $64 billion to hospitals, post-acute facilities and other medical providers to help cope with the coronavirus fallout.

Yes, but: Even though more funding is coming, safety net and rural hospitals fear they are getting a raw deal from the way some of the money is being distributed.

Go deeper2 hours ago - Health

Alexi McCammond, Margaret Talev

Biden, Sanders work toward truce on big issues

Photo: Mandel Ngan/AFP via Getty Images

Joe Biden isn’t about to become Bernie Sanders, but he’s signaling that there’s potential for more common ground on issues such as health care, student debt, climate change and more in the weeks ahead.

What to watch: As Biden courts Sanders' endorsement, their teams will hold policy discussions in the next few weeks with the expectation that Biden will incorporate some elements of Sanders' agenda, a person familiar with those plans tells Axios.

Go deeper2 hours ago - Politics & Policy

Jonathan Swan

Some Trump aides eye May 1 start to coronavirus reopening

President Trump was flanked at yesterday's briefing by HHS Secretary Alex Azar (far left), Vice President Pence and Dr. Deborah Birx. Photo: Win McNamee/Getty Images

President Trump's aides, encouraged by virus data showing fewer deaths than once projected, are working behind the scenes to deliver on his vow to reopen America "sooner rather than later."

What to watch for: A senior White House official said there’s a lot of internal energy pushing for May 1, because that's the end of the White House's "30 Days to Slow the Spread."

Go deeper3 hours ago - Politics & Policy