Friday’s top stories
Joe Biden's campaign contends that President Trump's talk of delaying November's election is an effort to distract, and vows to be what a Biden aide called "laser-focused" on Trump's pandemic response.
Why it matters: After aides convinced the president that the issue was hurting him badly in the polls, Trump has tried for the past two weeks to show renewed focus on the coronavirus, including the restoration of his briefings.
Former 21st Century Fox CEO James Murdoch filed a letter of resignation from the board of News Corp. on Friday in light of disagreements over editorial content published by the company-owned news outlets, including the Wall Street Journal and New York Post.
What he's saying: “My resignation is due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions," Murdoch's letter reads.
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We obviously don’t know who will win this year’s presidential election, but we do know that the 2020 voting process will be more complicated than in any past election of our lifetimes in terms of safety, security, and logistics.
Axios Re:Cap digs in with Ohio Secretary of State Frank LaRose, a Republican, who tells us he's confident in the process but that it could take weeks to know results from his state.
Google is updating its ads policies to prohibit domestic advertisers that use spammy tactics to conceal their identities and to ban international advertisers that use ads to promote illegally hacked or obtained political material — like stolen campaign emails.
Why it matters: Google alludes to the crackdowns in its existing ads policy, but the company is stating them more explicitly in an effort to rein in political and election misinformation ahead of the election.
White House chief of staff Mark Meadows and House Speaker Nancy Pelosi — speaking simultaneously at podiums on opposite ends of Pennsylvania Avenue Friday morning — painted a bleak picture of their stalled coronavirus stimulus talks, making clear that they are still a long way from striking a deal.
The bottom line: Everyone who matters in these talks is sending out dismal signals. Many important benefits, including enhanced unemployment insurance for millions of Americans, expire today — and those in charge of bringing relief admit they're nowhere close to finding common ground.
The Trump administration has announced it will sanction the Xinjiang Production and Construction Corps (XPCC), a paramilitary organization operating in Xinjiang, where Chinese authorities, aided by the XPCC, are perpetrating a cultural and demographic genocide against ethnic minorities.
Why it matters: XPCC controls vast swaths of the economy in Xinjiang. Depending on how rigorously the sanctions are enforced, they could hobble the region's economy and blunt China's plans for further economic development of the region.
By the numbers: That brings the state's coronavirus death toll to 6,966. While Florida's daily reported infections have moved below 10,000 from their peak, it has reported a total of more than 470,000 cases, the second-highest in the U.S. behind California.
While the rest of the U.S. economy was falling off a cliff, Big Tech saw its business soar.
The big picture: Thursday morning, government economists reported a 30% drop in GDP for the second quarter — the largest decline, by far, since the numbers have been reported.
It's hardly the biggest regulatory fight of the Trump era, but there's an important battle raging over plans to restrict sustainable investing that also distills the energy and climate politics of the moment.
Driving the news: The Labor Department is planning to limit private retirement plan managers' leeway to invest based on ESG — environmental, social and governance — factors.
U.K. Prime Minister Boris Johnson on Friday postponed easing some portions of England's coronavirus lockdown due to rising cases, the BBC reports.
Why it matters: The decision, which comes after a move to reimpose far more stringent lockdown measures across some cities in northern England, highlights the difficult balance countries across the world face between reopening their economies and keeping their caseloads in check.
Big Tech was buoyed by the exact thing that prevented the dreadful GDP report from being even worse in the second quarter: the pandemic stimulus measures.
Why it matters: The stimulus is in the spotlight as its key expanded unemployment benefits provision is set to lapse despite coronavirus cases surging across the country, reimposed lockdown measures and more businesses shuttering.
The NHL's race to the Stanley Cup begins Saturday, with 24 teams split between two bubbles — one centered around the Toronto Maple Leafs' Scotiabank Arena, the other around the Edmonton Oilers' Rogers Place.
The state of play: Once they reach the conference finals, the two remaining East teams will travel to Edmonton, where their families will be able to join them.
A new draft code of conduct released on Thursday by officials in Australia would require tech giants like Google and Facebook to start paying news companies to distribute their content.
Why it matters: If Australia adopts the plan and it becomes a model for others around the world, such measures could offer a significant boost to the news industry, especially local news, as it faces financial decline.
Passenger airlines devastated by the decline in air travel during the pandemic are making up some of their lost revenue by strapping cargo into passenger seats and overhead bins of planes that would otherwise be grounded.
The big picture: It could be several years before passenger air traffic returns to normal, but the global demand for medical supplies, along with disruptions in manufacturing supply chains and increased e-commerce, means airlines have a chance, at least temporarily, to offset some of those losses by transporting more freight.
Testing is once again becoming a critical weakness in the America's response to the coronavirus pandemic, and experts say we may need to revive tighter standards about who can get a test.
Why it matters: Although testing has gotten a lot better over the course of the pandemic, the pandemic has gotten worse, and that means the U.S. needs to prioritize its resources — which might mean that frequent testing solely to help open businesses or schools just isn't feasible.