Photo Illustration: Axios Visuals

"Harassment long tolerated in world of big business," declares USA Today's lead story: "For many firms, paying fines for sexual harassment has been treated as a cost of doing business ... In the past seven years, U.S. companies paid more than $295 million in public penalties over sexual harassment claims, according to Equal Employment Opportunity Commission records .. That sum does not count all the private settlements."

Coming debate: "The wave of sexual allegations ... has left many U.S. colleges weighing whether to revoke honorary degrees and other accolades awarded to prominent men accused of misconduct. ... Dozens of schools have bestowed honors upon men who now face accusations." (AP)

N.Y. Times Quote of the Day ... The Times posted a story yesterday saying playwright Israel Horovitz has been accused by nine women of sexual misconduct. Jocelyn Meinhardt, who said she was raped at 19 when she began a summer fellowship with Horovitz in 1989: "He was a good mentor, until he was the worst, probably most nightmarish mentor you could have."

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 20,372,619 — Total deaths: 743,344— Total recoveries: 12,609,775Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 5,141,879 — Total deaths: 164,545 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Business: U.S. already feeling effects of ending unemployment benefits — U.S. producer prices rose last month by the most since October 2018.
  4. Public health: America's flying blind on its coronavirus response.
Mike Allen, author of AM
3 hours ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

  1. She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.