The grave of Sergei Magnitsky. Photo: Misha Japaridze / AP

The Treasury Department has designated five individuals under the Magnitsky Act, including Chechen leader Ramzan Kadyrov. With these first designations under the Trump administration, that brings the total number of people targeted under the act to 49.

What it does: The Magnitsky Act targets those who abetted or benefitted from the detention and death of Russian whistleblower Sergei Magnitsky and those who commit human rights offenses against other would-be Russian whistleblowers, preventing them from doing business with any American financial institution and prohibiting them from traveling to the United States.

Background: The law is vehemently opposed by the Russian government — and it gained renewed prominence earlier this year after Donald Trump Jr. reportedly suggested to a Russian lawyer that his father might review it as president during the infamous June 2016 Trump Tower meeting.

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Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 20,372,619 — Total deaths: 743,344— Total recoveries: 12,609,775Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 5,141,879 — Total deaths: 164,545 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Business: U.S. already feeling effects of ending unemployment benefits — U.S. producer prices rose last month by the most since October 2018.
  4. Public health: America's flying blind on its coronavirus response.
Mike Allen, author of AM
3 hours ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

  1. She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.