Tuesday's top stories

Erica Pandey, author of @Work
Aug 4, 2020 - Economy & Business

The coronavirus could set back a generation of women

Illustration: Annelise Capossela/Axios

The coronavirus' disproportionate impact on women workers is eroding years of progress.

Why it matters: In the long run, the pandemic could chip away at women's representation in the workforce and widen the gender pay gap, experts say.

Listen to “Axios Re:Cap”
How Ruth Bader Ginsburg's death could upend America's health care system.

"Mulan" will head to Disney+, home to more than 60 million subscribers

An outdoor ad for Disney's "Mulan" in Hollywood, California. Photo: Rich Fury/Getty Images

Disney announced Tuesday that its most highly-anticipated blockbuster of the year, the live-action remake of "Mulan," is heading to Disney+ on Sept. 4 for consumers to purchase for a premium access fee of $29.99. The movie's theatrical debut had previously been delayed four times.

Why it matters: It's a huge blow to movie exhibitors across the country that were relying on the Disney hit to come exclusively to theaters for at least a few months before being made available to consumers at home via streaming.

Updated Aug 4, 2020 - Economy & Business

Ford names James Farley as new CEO amid ongoing turnaround effort

Jim Farley will take over as Ford CEO on Oct. 1. (Photo by Spencer Platt/Getty Images)

Ford Motor Co.'s new CEO, Jim Farley, is taking the reins from his predecessor, James Hackett, at a critical time.

Why it matters: The global auto industry is shifting quickly toward electrification, automation and transportation services, but Ford has been unable to keep pace. Hackett's $11 billion global transformation, launched in 2017, was slow to materialize, frustrating investors as Ford's stock dropped almost 40% during his tenure.

Aug 4, 2020 - Health

Local governments go to war over schools

A protester during a demonstration in NYC. Photo: Ron Adar/SOPA Images/LightRocket via Getty Images

The next big coronavirus battleground will be over who has the final say on whether schools can stay open.

Why it matters: This involves the safety of young children and their parents, not to mention older educators and staff, and comes at the same time as many of the parents are out of work.

Aug 4, 2020 - Podcasts

The debate over COVID-19 liability protections

Stimulus talks continue to move slowly, with Democrats and Republicans unable to agree on whether or not to include coronavirus-related liability protections for businesses, health facilities and schools.

Axios Re:Cap digs into the debate, which could reset the cost-benefit analysis for businesses thinking about reopening and employees thinking about returning.

Editor’s note: This episode has been updated to clarify that McConnell said a "second pandemic" of litigation could be coming, not legislation.

Miriam Kramer, author of Space
Updated Aug 4, 2020 - Science

The U.S. is at risk of attacks in space

Illustration: Annelise Capossela/Axios

Other nations are catching up to U.S. capabilities in space, potentially putting American assets in orbit at risk.

Why it matters: From GPS to imagery satellites and others that can peer through clouds, space data is integral to American national security.

Dan Primack, author of Pro Rata
Aug 4, 2020 - Economy & Business

Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Updated Aug 4, 2020 - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Dion Rabouin, author of Markets
Aug 4, 2020 - Economy & Business

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).

Dion Rabouin, author of Markets
Aug 4, 2020 - Economy & Business

U.S. Chamber of Commerce warns of racial inequality for small businesses

Illustration: Aïda Amer/Axios

Attitudes and beliefs about racial inequality are changing quickly as protests and media attention have helped highlight the gaps in opportunity between white- and minority-owned businesses in the United States.

Driving the news: A new survey from the U.S. Chamber of Commerce and MetLife provided early to Axios shows a 17-point increase in the number of small business owners who say minority-owned small businesses face more challenges than non-minority-owned ones.

Ben Geman, author of Generate
Aug 4, 2020 - Energy & Environment

BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.

GOP plans "nightly surprise" for revamped convention

President Trump at the 2016 Republican National Convention. Photo: Bill Clark/Getty Images

The reworked Republican National Convention will be a four-night spectacle including still-under-wraps venues, a 10 p.m. "nightly surprise" and guests and themes playing to "the forgotten men and women of America," two senior Trump campaign officials involved tell Axios.

Driving the news: The messaging will focus heavily on "very granular details" of what a second term for President Trump would look like — answering a question Trump left hanging in a Fox News event earlier this summer — and attack cancel culture, "radical elements" of society and threats to public safety.

Aug 4, 2020 - Health

Axios-Ipsos poll: Fear of voting

Data: Axios/Ipsos poll; Note: ±3.0% margin of error for the total sample; Chart: Andrew Witherspoon/Axios

Democrats are twice as likely as Republicans to worry about in-person voting — with nearly two in three seeing it as a large or moderate risk to their health — according to this week's installment of the Axios-Ipsos Coronavirus Index.

Why it matters: This could pose a significant disadvantage for Joe Biden and other Democratic candidates in November if the pattern holds — especially in states where high infection rates persist, or where there are significant hurdles to mail-in, absentee or early voting.

Trump: Coronavirus is "under control"

President Trump said in an interview with “Axios on HBO” that he thinks the coronavirus is as well-controlled in the U.S. as it can be, despite dramatic surges in new infections over the course of the summer and more than 150,000 American deaths.

  • “They are dying, that's true. And you have — it is what it is. But that doesn't mean we aren't doing everything we can. It's under control as much as you can control it. This is a horrible plague,” he told Axios' Jonathan Swan.

Exclusive: Trump declines to praise John Lewis, citing inauguration snub

President Trump dismissed the legacy of the late Rep. John Lewis in an interview with “Axios on HBO,” saying only that Lewis made a “big mistake” by not coming to his inauguration.

The big picture: Trump's comments were a glaring contrast with the praise Republicans and Democrats showered upon Lewis this week, and a default to personal grudges during a week of mourning for a civil rights hero.

Trump stokes fears of election-night mail voting fraud

Photo: "Axios on HBO"

President Trump raised new alarms about the alleged danger of election fraud in an interview with "Axios on HBO," warning that "lots of things can happen" with voting by mail if the presidential race isn't decided on election night.

Why it matters: Trump's comments — which contradict the lengthy history and widespread use of mail-in voting — could be a preview of the claims he'll make on election night to undermine trust in the results if he appears to be losing.