Thursday's top stories
Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.
The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.
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The breakthrough in talks between the U.S., Israel and UAE on a normalization deal came two months ago, White House officials tell me.
Behind the scenes: Talks had been ongoing for more than a year, but they gained new urgency ahead of Israeli Prime Minister Benjamin Netanyahu's July 1 deadline to move ahead on West Bank annexations.
Kamala Harris is accomplishing what Joe Biden's campaign hoped she would in her first two days as his running mate — doing no harm, while exciting parts of the base with whom Biden needs the most help.
The big picture: Black women especially, but also Black men, Hispanics and Democrats and independents across the board say they are more likely to vote for Biden with Harris on the ticket, according to a new Axios-SurveyMonkey poll.
Fortnite maker Epic Games on Thursday escalated its battle over Apple's App Store tactics, suing the tech giant over antitrust claims while also baiting Apple into dropping Fortnite from the App Store. Later in the day, Epic filed suit against Google as well after that company dropped Fortnite from the Google Play Store.
The big picture: Epic is just one of several developers clashing with Apple. They argue the company harms competition by taking a cut of up to 30% on in-app purchases and subscriptions and blocking most developers from getting around the tax by charging their users directly.
Joe Biden called on governors to issue a three-month mandatory outdoor mask mandate on Thursday, telling reporters after receiving a coronavirus briefing that experts say it could save over 40,000 lives.
Why it matters: Biden was more aggressive and specific than he has been in previous calls to wear a mask, arguing that it will allow children to return to school sooner, businesses to reopen and help "get our country back on track."
Senate Majority Leader Mitch McConnell (R-Ky.) announced Thursday that the Senate will not hold any more votes until Sept. 8, though members will remain on 24-hour notice in case a coronavirus stimulus deal is reached.
Why it matters: With millions of Americans unemployed, the Trump administration and Democrats remain hopelessly deadlocked and unlikely to reach a deal any time soon.
President Trump on Thursday told Fox Business' Maria Bartiromo that Democratic demands to fund mail-in voting and the U.S. Postal Service in ongoing coronavirus stimulus negotiations were a non-starter.
Why it matters: Trump directly linked Democrats' desired $3.6 billion for mail-in voting and $25 billion for the USPS to his continued baseless claims that increased mail-in voting will lead to widespread voter fraud.
Israeli Prime Minister Benjamin Netanyahu said in a televised address Thursday that he remains "committed to annexing parts of the West Bank," but agreed to “temporarily suspend” those plans in order to reach a normalization deal with the UAE.
Why it matters: In a joint statement hailed as "historic" by President Trump, Israel said it would not move ahead with annexations as part of a deal for "the full normalization of relations" between Israel and the UAE. But Netanyahu and UAE Crown Prince Mohammed Bin Zayed (MBZ) have since offered diverging statements.
The Supreme Court said Thursday that it will not block Rhode Island's move to ease its requirements for absentee voting during November's election.
Why it matters: The decision is a loss for Republicans, who had requested an emergency order as the state is expected to begin mailing out its ballots.
Uber and Lyft are ratcheting up the fight with California’s state government over the classification of drivers with a move that would deprive Californians of their ride-hailing services (and halt driver income).
Driving the news: On Wednesday, both companies said that if a court doesn’t overturn or further pause a new ruling forcing them to reclassify California drivers as employees, they’ll suspend their services in the state until November’s election, when voters could potentially exempt them by passing a ballot measure.
President Trump announced a "historic" deal Thursday which will see Israel and the UAE open full diplomatic relations and Israel suspend its annexation plans in the West Bank.
Why it matters: This is a major breakthrough for Israel, which lacks diplomatic recognition in many Middle Eastern countries but has been steadily improving relations in the Gulf, largely due to mutual antipathy toward Iran.
The killing of George Floyd and changing demographics across the country have brought discussions over racism and police use of force to small-town America.
Why it matters: White Americans are growing older as the younger generations across the country become more diverse. The shift in what had been predominantly white communities is sparking protests and conversations about racial inequality. Many small towns are realizing for the first time how multiracial they are.
A steep decline in coal-fired power combined with rising wind and solar output drove the carbon-free sources to record global market share in the first half of 2020, per a new analysis from the environmental think tank Ember.
Why it matters: The report shows how the coronavirus pandemic is speeding the ongoing shakeup of the global power mix — but also how it's occurring too slowly to reach international climate goals.
BodyArmor is making noise in the sports drink market, announcing seven new athlete partnerships last week, including Christian McCaffrey, Sabrina Ionescu and Ronald Acuña Jr.
Why it matters: It wants to market itself as a worthy challenger to the throne that Gatorade has occupied for nearly six decades.
The S&P 500 nearly closed at an all-time high on Wednesday and remains poised to go from peak to trough to peak in less than half a year.
By the numbers: Since hitting its low on March 23, the S&P has risen about 50%, with more than 40 of its members doubling, according to Bloomberg. The $12 trillion dollars of share value that vanished in late March has almost completely returned.
Facing enormous financial pressure and uncertainty around reopenings, media companies are giving up on their years-long building leases for more permanent work-from-home structures. Others are letting employees work remotely for the foreseeable future.
Why it matters: Real estate is often the most expensive asset that media companies own. And for companies that don't own their space, it's often the biggest expense.
Pinterest set out to be a bright spot in cutthroat Silicon Valley, but now stands to see its reputation forever tarnished by allegations of mistreatment and a toxic culture by women who held senior roles at the company.
Why it matters: Even a company known for progressive policy decisions and successfully combatting hateful and otherwise problematic content isn't immune to the systemic problems that have plagued many tech companies.
Tech giants are going all in on civic engagement efforts ahead of November's election to help protect themselves in case they're charged with letting their platforms be used to suppress the vote.
Why it matters: During the pandemic, there's more confusion about the voting process than ever before. Big tech firms, under scrutiny for failing to stem misinformation around voting, want to have concrete efforts they can point to so they don't get blamed for letting an election be manipulated.
With tax revenue in free-fall and expenditures dramatically rising, the coronavirus pandemic is on pace to hit cities' finances even harder than the Great Recession.
Why it matters: Almost all cities are required to balance their budgets, and at this rate they'll have no choice but to cut more services, layoff or furlough more workers and freeze capital projects.
Millions of Americans who normally vote in person on election day will turn to early voting or mail-in ballots this fall — but that only works if you understand your state's election rules, deadlines and how to ensure your vote is counted.
Driving the news: Axios is launching an interactive resource, built on research by RepresentUs, a nonpartisan election reform group, to help voters across the country to get the information they need.
It's not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races and incomes are moving away from urban centers.
Why it matters: Bidding wars, frantic plays for a big suburban house with a pool, buying a property sight unseen — they're all part of Americans' calculus that our lives and lifestyles have been permanently changed by coronavirus and that we'll need more space (indoors and out) for the long term.
America's coronavirus outbreak is slowing down after a summer of explosive growth.
By the numbers: The U.S. is averaging roughly 52,000 new cases per day — still a lot of cases, but about 10.5% fewer than it was averaging last week.
The U.S. is cutting back on coronavirus testing. Nationally, the number of tests performed each day is about 17% lower than it was at the end of July, and testing is also declining in hard-hit states.
Why it matters: This big reduction in testing has helped clear away delays that undermined the response to the pandemic. But doing fewer tests can also undermine the response to the pandemic.
Journalist Bob Woodward has obtained "25 personal letters exchanged" between President Trump and North Korean leader Kim Jong-un for his new book, "Rage," publisher Simon & Schuster revealed on Wednesday.
Details: In the letters, "Kim describes the bond between the two leaders as out of a 'fantasy film,' as the two leaders engage in an extraordinary diplomatic minuet," according to a description of the book posted on Amazon.
Why it matters: That's a marked increase on previous years, per the report, which points out just 16 Confederate monuments were withdrawn or renamed in 2019.
The U.S. reported 1,485 deaths due to the coronavirus on Wednesday, COVID Tracking Project data shows.
Why it matters: It's the highest single-day COVID-19 death toll since May 15, when the country reported 1,507 deaths. The U.S. has seen a total of 157,758 deaths from the virus.