Jul 13, 2018

Trump meets the Queen for tea at Windsor Castle

The Queen and the President inspect the Guard of Honour. Photo: Matt Dunham/WPA Pool via Getty Images

President Trump and Melania Trump met Queen Elizabeth II for tea at Windsor Castle Friday. It's Trump's last stop in England before heading to Scotland for the weekend.

Meanwhile, about an hour away in London, tens of thousands of people have filled the streets to protest Trump's visit.

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Jason Kilar named CEO of WarnerMedia

Jason Kilar, CEO of Hulu. Photo: Jemal Countess/Getty Images

Jason Kilar has been named CEO of WarnerMedia, effective May 1, the company announced Wednesday.

The big picture: Kilar, the founding CEO of Hulu, replaces John Stankey, AT&T’s president and chief operating officer. Kilar will report to Stankey, who has been acting as CEO of WarnerMedia. WarnerMedia is on the brink of launching its own streaming service, HBO Max. Kilar is a streaming, media and technology veteran, having spent years at Amazon leading its North American media business prior to his time at Hulu.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 883,225 — Total deaths: 44,156 — Total recoveries: 185,377Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 189,753 — Total deaths: 4,090 — Total recoveries: 7,141Map.
  3. Axios-Ipsos Coronavirus Index: It's "a tale of two Americas" as the rich are more likely to work from home and the poor are more likely to report to work.
  4. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  5. State updates: Washington and California appear to have slowed their surges of new cases — Florida cases have been doubling the past four days, approaching 7,000.
  6. NYPD: Over 1,400 of its employees have reportedly tested positive for COVID-19.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Private equity hits the brakes amid coronavirus recovery uncertainties

Illustration: Rebecca Zisser/Axios

Private equity is still working on opportunistic deals when it can get a break from portfolio triage, but it's also boarding up the exits amid new questions about the speed of the coronavirus recovery.

The state of play: Sale processes are being shelved daily, even ones that already launched with investment bankers, data rooms, and interested suitors.