Photo: Jabin Botsford/The Washington Post/Getty Images

The Trump administration will likely endorse modest increases in vehicle mileage and emissions standards when it completes rules to weaken Obama-era mandates, multiple sources tell Axios.

Why it matters: The move, depending on the details, will likely force automakers into tough decisions about whether to endorse it.

  • The industry's position is that there should be annual increases, rather than no gains through the mid-2020s.
  • EPA and the Transportation Department had initially proposed freezing the Obama administration's planned increases in 2020.

What they're saying: "[B]ased on other conversations with the administration and others ... it seems likely that the final rule will require some year-over-year efficiency improvements," said a source familiar with the administration's thinking.

Where it stands: Big players are already going their own way. 4 automakers — Ford, VW, Honda and BMW — struck a deal with California in July that they say amounts to 3.7% annual efficiency gains in model years 2022–2026.

  • It's very unlikely that the Trump administration will go nearly that far, given that the deal with California is in the ballpark of the Obama-era standards (although somewhat weaker).

Flashback: EPA Administrator Andrew Wheeler has hinted at the prospect of backing off the freeze. On Sept. 19 he said the final rule "will not look exactly the same way that we proposed it.”

  • An EPA spokesperson declined comment.

Go deeper: EPA to roll back California's power to enforce strict auto emissions standards

Go deeper

Scoop: Chinese biotech giant's U.S. subsidiary received PPP loan

Chinese biotech company BGI Genomics provided mobile labs for conducting COVID-19 tests at a sports center in Beijing. Photo credit: Xinhua/Chen Zhonghao via Getty Images.

A U.S. subsidiary of Chinese genomics company BGI Group received a loan through the Paycheck Protection Program (PPP), according to data on the program released by the U.S. Treasury Department this week.

Why it matters: BGI's close ties to the Chinese government, which is constructing a massive genetics database of its population, have raised concerns among U.S. officials.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 12,081,232 — Total deaths: 550,440 — Total recoveries — 6,639,503Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 3,057,431 — Total deaths: 132,360 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 states — Fauci says states with severe outbreaks "should seriously look at shutting down"
  4. Education: How Trump's push to reopen schools could backfire — College sports stare down a disaster in the fall.
  5. Jobs: 1.3 million Americans filed for unemployment last week.
  6. Travel: Over 1,000 TSA agents have tested positive.

Supreme Court says Manhattan prosecutors can obtain Trump's financial records

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court on Thursday kept the fight over President Trump’s financial records alive, all but ensuring that those records won’t be made public before the election.

The big picture: The court ruled that presidents are not immune from investigation, denying Trump the sweeping grant of presidential power he had asked for. But the legal wrangling over Trump’s records, specifically, will continue — and they may end up in the hands of Manhattan prosecutors.