Oct 6, 2018

Kavanaugh to be sworn in by Justices Roberts and Kennedy

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Big Tech's summer internships go digital

Illustration: Aïda Amer/Axios

The major tech companies are scrambling to craft digital options for this year's summer intern class, as businesses remain shuttered due to the coronavirus pandemic.

Why it matters: Internships serve as key learning opportunities for students, but are also critical for the recruiting and diversity efforts of the Big Tech companies who compete fiercely for college talent.

Scoop: Staples refuses to pay landlords for April rents

Illustration: Aïda Amer/Axios

Staples recently informed landlords that it will not pay April rents for its U.S. stores, even though the locations remain open, Axios has learned.

Why it matters: Commercial landlords are stuck in a tightening vise, forgiving or deferring payments from shuttered tenants while still needing to meet their own mortgage obligations.

EIA forecasts U.S. oil boom will reverse amid coronavirus disruption

Data: EIA; Chart: Naema Ahmed/Axios

Pain in the U.S. oil patch from the coronavirus outbreak is no longer on the horizon. It's here, and several new reports and data points show how quickly it's happening.

Driving the news: The Energy Information Administration yesterday released a sharp downward revision to its U.S. crude oil production forecast.