Saturday’s top stories

Biden: "Being a cop today is one hell of a lot harder than it's ever been"

President Biden speaks during the 40th annual National Peace Officers Memorial Service at the U.S Capitol on Oct. 16. Photo: Brendan Smialowski/AFP via Getty Images

President Biden speaking at the U.S. Capitol on Saturday honored members of law enforcement who died in the line of duty in 2019 and 2020 and saluted those who are currently serving.

Driving the news: "We expect everything of you, and it's beyond the capacity of anyone to meet the total expectations. Being a cop today is one hell of a lot harder than it's ever been," Biden said.

Updated Oct 16, 2021 - World

Islamic State claims responsibility for deadly bombing in southern Afghanistan

The mosque after the explosion in southern Kandahar province on Oct. 15. Photo: Murteza Khaliqi/Anadolu Agency via Getty Images

The Islamic State group claimed responsibility for a massive blast that tore through a crowded Shiite mosque in the southern Afghan city of Kandahar on Friday, killing at least 47 people and injuring dozens more, AP reports.

Why it matters: Friday's attack was the deadliest to strike Afghanistan since the U.S. withdrew its troops from the region and is the second major attack on a Shiite mosque in a week, underscoring the Taliban's growing security threat from other militant groups.

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New wave of strikes will test worker power

Illustration: Sarah Grillo/Axios

Thousands of John Deere workers hit the picket line this week after the union smacked down a new worker contract from the farm and equipment maker.

Why it matters: There’s a wave of worker angst spreading across the country. They wield new power that’s come with a historic worker shortage.

Bryan Walsh, author of Future
Oct 16, 2021 - Technology

The smart city comes of age

Illustration: Aïda Amer/Axios

Better sensors, more intelligent AI, and the coming wave of 5G wireless could finally fulfill the promise of the smart city.

Why it matters: How we organize, run and power our cities will be increasingly important in the years ahead, as urbanization expands and the damaging effects of climate change compound.

Ben Geman, author of Generate
Oct 16, 2021 - Energy & Environment

Key clean power provision likely won't survive in Dems' spending bill

A construction worker walks along a dirt road at the Avangrid Renewables La Joya wind farm in Encino, New Mexico, on Aug. 5, 2020. Photo: Cate Dingley/Bloomberg via Getty Images

A pillar of Democrats' plans to speed deployment of zero-carbon electricity is likely to be cut from major spending and tax legislation they are struggling to move on a party-line vote, per multiple reports and a Capitol Hill aide.

Driving the news: The New York Times, citing anonymous congressional aides and lobbyists, reports that West Virginia Sen. Joe Manchin (D) has told the White House he "strongly opposes" the Clean Electricity Performance Program.

Biden: DOJ should prosecute those who defy Jan. 6 subpoenas

President Biden speaks with reporters at Bradley International Airport in Windsor Locks, Connecticut. Photo: Brendan Smialowski/AFP via Getty Images

President Biden said Friday that the Justice Department should prosecute those who defy subpoenas from the Jan. 6 select committee.

Why it matters: The president's remarks come one day after Donald Trump ally Steve Bannon failed to show up for a deposition before the committee.

Updated Oct 15, 2021 - Politics & Policy

Bill Clinton hospitalized for non-COVID-related infection

Former President Bill Clinton. Photo: Win McNamee/Pool/AFP via Getty Images

Former President Bill Clinton was admitted to the University of California, Irvine Medical Center on Tuesday for a non-COVID-related infection, his spokesperson Angel Ureña said Thursday.

The latest: In an update on Friday, Ureña said Clinton's health indicators are "trending in the right direction, including his white blood count which has decreased significantly."

Tina Reed, author of Vitals
Oct 15, 2021 - Health

FDA panel endorses shot of J&J booster for adults

Photo: Wolfgang Kumm/picture alliance via Getty Images)

Members of the Food and Drug Administration's vaccine expert panel on Friday unanimously endorsed a booster shot for adult recipients of Johnson & Johnson's COVID-19 vaccine at least two months after the initial dose.

Why it matters: The advisory committee raised concerns about a dearth of data to support their decision but ultimately decided to support an additional shot for those over 18.

Capitol Police officer indicted for obstructing Jan. 6 investigation

Trump supporters clash with police and security forces as people try to storm the Capitol on Jan. 6. Photo: Brent Stirton/Getty Images

A U.S. Capitol Police officer has been indicted on obstruction of justice charges for allegedly helping hide evidence of a participant's involvement in the Jan. 6 riot.

Driving the news: Officer Michael A. Riley, 50, is accused of telling the unidentified participant, referred to as "Person 1," in the Jan. 6 riot to delete posts from Facebook, which showed them in the Capitol during the attack.

Oct 15, 2021 - World

First look: New bipartisan bill to counter China's economic coercion

Illustration: Rae Cook/Axios

A bipartisan group of lawmakers has announced a new bill that would establish an interagency task force to craft a response to China's use of economic measures to further its geopolitical goals.

Why it matters: The draft bill represents growing awareness in the U.S. that economic coercion is a cornerstone of the Chinese Communist Party's ability to project authoritarianism beyond its borders.

U.S. to lift restrictions for fully vaccinated international travelers on Nov. 8

People wait in line to receive information on their flights at Chicago O'Hare International Airport on Oct. 12, 2021. Photo: Jacek Boczarski/Anadolu Agency via Getty Images

The White House will announce Friday plans to lift travel restrictions for fully vaccinated international travelers beginning Nov. 8, a White House official said.

Why it matters: The move will allow vaccinated travelers from most countries to visit the U.S. for the first time in more than 18 months.

This is what a profit margin squeeze looks like

Expand chart
Data: U.S. Bureau of Labor Statistics; Chart: Jared Whalen/Axios

Two inflation indexes out this week, taken together, show how companies’ margins are getting squeezed.

Why it matters: Corporate earnings growth, while still historically high, is receding from record second-quarter levels. Margins will be a huge focus during Q3 earnings calls this month.

Definition of success at UN Climate Summit is in flux

Illustration: Annelise Capossela/Axios

The UN Climate Summit in Glasgow is less than 20 days away, and diplomats have entered a crucial period when expectations are raised or lowered to guard against any blowback that might come from a particular outcome.

Driving the news: Officials in the U.S. and abroad are sending clear signals that the odds that COP26 will meet some of its most important goals are diminishing, for a variety of reasons both macro and micro in scale.

Appeals court denies DOJ's request to suspend Texas abortion ban

People protesting Texas' abortion ban outside of the Texas State Capitol in Austin on Oct. 2. Photo: Montinique Monroe/Getty Images

A three-judge panel for the 5th U.S. Circuit Court of Appeals on Thursday denied the Department of Justice's emergency request to suspend Texas' abortion ban, which bars the procedure after a fetal heartbeat is detected, or roughly six weeks — before many people know they are pregnant.

Why it matters: The ruling allows the ban to continue to be enforced as the courts consider the law's constitutionality. It's one of the most restrictive bans to be enforced since the Supreme Court's Roe v. Wade decision legalized abortion nationwide in 1973.

Mike Allen, author of AM
Oct 15, 2021 - Economy & Business

The coming vacation spike

Airbnb CEO Brian Chesky foresees a travel spike at year's end as workers cash in a flood of use-it-or-lose-it paid time off.

Driving the news: "We're going to be entering ... a new golden age of travel, where suddenly people ... have a record accrual of PTO and they've been landlocked," Chesky told me during a wide-ranging interview for "Axios on HBO."

Congress vs. "the algorithm"

Illustration: Aïda Amer/Axios

The outcry over Congress' latest proposal to regulate tech companies' algorithms shows how difficult it is for lawmakers and platforms alike to deal with online content moderation.

Why it matters: The new bill is backed by the leadership of a powerful committee with jurisdiction over the issue, giving it more momentum than some previous legislative attempts to revamp online platforms' legal protections.

Next big bet: Wagers rush in on Fed chair pick

Illustration: Aïda Amer/Axios

There are those speculating whether Fed chair Jerome Powell gets another term. Then there are those speculating with real money on the line.

Why it matters: The explosion in retail trading is one sign of the flush consumer's betting fervor. The amped up rush to wager on political outcomes — like who's next to lead the Fed — is another.

Ben Geman, author of Generate
Oct 15, 2021 - Energy & Environment

White House vows to treat climate change as "systemic" financial risk

Zailey Segura, Zavery Segura and their mother Karen Smith wade through flood waters while walking to the childrens fathers house after Hurricane Nicholas landed in Galveston, Texas on September 14, 2021. Photo: Mark Felix for The Washington Post via Getty Images)

A new White House report released Friday morning says climate change poses "systemic risks" to the U.S. financial system, and presents a "roadmap" to building a "climate-resilient" economy.

Why it matters: Top aides emphasized that framing to promote wide-ranging moves that will weave climate risk into many agencies' new policies and regulations.

Oct 15, 2021 - Health

Democrats' attempt to lower private drug prices is likely to fail

Illustration: Aïda Amer/Axios

The Democrats' most significant attempt to rein in health care costs in the private market— specifically prescription drug costs — is increasingly likely to fail.

Why it matters: U.S. health care costs have ballooned over the last few decades. But there's fierce industry resistance to allowing the government to step in and regulate private market prices. Plenty of lawmakers hate the idea as well.