Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Chris Childs, assistant chief of the California Highway Patrol, speaks at a press conference after a hostage situation at the Veterans Home of California. Photo: Stephen Lam / Getty Images

After an almost eight-hour standoff on Friday at the Veterans Home of California, officials found the gunman and three female hostages dead on Friday night, CNN reports.

What happened: The gunman, a former client of the facility identified as 36-year-old Albert Wong, "barged into a going-away party" for some of the employees, per CNN. Law enforcement responded to the scene a little after 10 a.m., following reports of gunfire. Police entered the room at the veterans home believed to be where the hostages were being held shortly before 6 p.m., finding Wong and the hostages dead.

  • The home is the largest veterans care facility in the country, operating as a men's "residential recovery program for veterans" from Iraq and Afghanistan that suffer from brain injury and PTSD, the LA Times reports.
  • California Sen. Bill Dodd told ABC affiliate, ABC7, that Wong had suffered "from post-traumatic stress disorder" after serving in the Middle East, per the LA Times.. He was "asked to leave the facility earlier in the week."
  • Per the L.A. Times, the three women were identified as: executive director of the facility, Christine Loeber, 48; therapist Jen Golick, 42; and San Francisco Department of Veterans Affairs and Healthcare System psychologist, Jennifer Gonzales, 29.

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

The winners and losers of the pandemic holiday season

Illustration: Sarah Grillo/Axios

The pandemic has upended Thanksgiving and the shopping season that the holiday kicks off, creating a new crop of economic winners and losers.

The big picture: Just as it has exacerbated inequality in every other facet of American life, the coronavirus pandemic is deepening inequities in the business world, with the biggest and most powerful companies rapidly outpacing the smaller players.

Coronavirus cases rose 10% in the week before Thanksgiving

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

The daily rate of new coronavirus infections rose by about 10 percent in the final week before Thanksgiving, continuing a dismal trend that may get even worse in the weeks to come.

Why it matters: Travel and large holiday celebrations are most dangerous in places where the virus is spreading widely — and right now, that includes the entire U.S.

Updated 7 hours ago - Politics & Policy

Supreme Court backs religious groups on New York coronavirus restrictions

Photo: Saul Loeb/AFP via Getty Images

The U.S. Supreme Court ruled late Wednesday that restrictions previously imposed on New York places of worship by Gov. Andrew Cuomo (D) during the coronavirus pandemic violated the First Amendment.

Why it matters: The decision in a 5-4 vote heralds the first significant action by the new President Trump-appointed conservative Justice Amy Coney Barrett, who cast the deciding vote in favor of the Catholic Church and Orthodox Jewish synagogues.