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The Olympic Rings installation in Odaiba Marine Park, Tokyo, Japan. Photo: Stanislav Kogiku/SOPA Images/LightRocket via Getty Images

North Korea's sports ministry announced Tuesday that it's decided to pull out of this summer's Tokyo Olympics "to protect athletes from the global health crisis caused by the coronavirus."

Why it matters: North Korea is the first country to withdraw its team from the Games because of pandemic concerns.

  • South Korea's Unification Ministry said it had hoped to use the event to improve inter-Korean relations, which have deteriorated amid an impasse on nuclear talks with the U.S., AP notes.

The big picture: COVID-19 has already delayed the Olympics by a year.

  • Japan's government is forging ahead with its plans to hold the event in the summer, despite local concern about an uptick in coronavirus cases and a sluggish vaccine rollout.
  • Officials have said there will be "ample anti-virus measures" in place at the Olympics, per AP.

Flashback: North Korea gets bafflingly positive coverage at Winter Olympics

Go deeper

Updated Apr 5, 2021 - World

India surpasses 100,000 new COVID cases in 1 day for first time

A health worker collecting a swab sample in New Delhi, India, on Sunday. Photo: Amal KS/Hindustan Times via Getty Images

India's Ministry of Health confirmed 103,558 new COVID-19 infections on Monday.

Why it matters: It's the first time the country has reported over 100,000 new coronavirus cases in one day. India is the second country after the U.S. to reach that milestone.

Big Tech lobbies hard against looming antitrust bill

Illustration: Sarah Grillo/Axios

Big Tech CEOs, including Apple's Tim Cook and Google's Sundar Pichai, have been jawboning lawmakers as a Senate committee takes up a key antitrust bill Thursday.

Why it matters: The bill prompting this lobbying frenzy could upend how tech's giants do business, and tech's critics see this as a "now or never" moment for Congress to check the industry's power.

Biden stock market gets Trumped

Data: Yahoo Finance; Chart: Jared Whalen/Axios

U.S. stocks markets performed worse during the first year of Joe Biden's presidency than during the first year of Donald Trump's presidency.

By the numbers: The S&P 500 rose 19.3% between the market close before Biden's inauguration and yesterday's market close, compared to a 24.1% increase for Trump during the similar period.