Photo: Noam Galai / Getty

The infamous Trump Hotel located in D.C.'s old post office surpassed its business goals this year, raking in $1.97 million in profit in the first four months, according to the Daily Beast's Betsy Woodruff. The hotel was projected to lose $2 million, as most luxury hotels don't turn a profit in their first few years.

Big picture: Trump hotels across the country became sites for anti-Trump protests, which isn't exactly great for business, and several hotels have attempted to distance themselves from the name. One Trump hotel in the SOHO neighborhood in New York and one in Toronto changed their names, and a third hotel in Panama City is looking to rebrand. But despite frequent protests, the D.C. location, conveniently situated between the White House and the Capitol, has hosted and entertained Republican officials, campaigners, foreign leaders, conservative outside groups, pro-Trump tourists and even, on occasion, the president himself.

Follow the money: The D.C. Trump International Hotel raised its rates after the inauguration despite stagnant room rates nationwide, according to the Daily Beast. The decision paid off, resulting in a healthy bottom line — unusual for new luxury hotels.

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with Betsy Woodruff's full piece.

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Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. EST: 32,135,220 — Total deaths: 981,660 — Total recoveries: 22,149,441Map.
  2. U.S.: Total confirmed cases as of 10 p.m EST: 6,975,980 — Total deaths: 202,738 — Total recoveries: 2,710,183 — Total tests: 98,481,026Map.
  3. Politics: House Democrats prepare new $2.4 trillion coronavirus relief package.
  4. Health: Cases are surging again in 22 states — New York will conduct its own review of coronavirus vaccine.
  5. Business: America is closing out its strongest quarter of economic growth.
  6. Technology: 2020 tech solutions may be sapping our resolve to beat the pandemic.
  7. Sports: Pac-12 will play this fall despite ongoing pandemic — Here's what college basketball will look like this season.
  8. Science: Global coronavirus vaccine initiative launches without U.S. or China — During COVID-19 shutdown, a common sparrow changed its song.
9 hours ago - Sports

Pac-12 will play football this fall, reversing course

A view of Levi's Stadium during the 2019 Pac-12 Championship football game. Photo: Alika Jenner/Getty Images

The Pac-12, which includes universities in Arizona, California, Colorado, Oregon, Utah and Washington state, will play football starting Nov. 6, reversing its earlier decision to postpone the season because of the coronavirus pandemic.

Why it matters: The conference's about-face follows a similar move by the Big Ten last week and comes as President Trump has publicly pressured sports to resume despite the ongoing pandemic. The Pac-12 will play a seven-game conference football season, according to ESPN.

Dave Lawler, author of World
10 hours ago - World

Global coronavirus vaccine initiative launches without U.S. or China

Data: Gavi, The Vaccine Alliance; Map: Naema Ahmed/Axios

A global initiative to ensure equitable distribution of coronavirus vaccines now includes most of the world — but not the U.S., China or Russia.

Why it matters: Assuming one or more vaccines ultimately gain approval, there will be a period of months or even years in which supply lags far behind global demand. The COVAX initiative is an attempt to ensure doses go where they're most needed, rather than simply to countries that can produce or buy them at scale.

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