Aug 25, 2017

Trump rolls out 4th round of sanctions for Venezuela

Carolyn Kaster and Ariana Cubillos / AP

Trump is prohibiting Venezuela and its state oil company, PDVSA, from selling debt to Americans and U.S. financial institutions. This is likely to make it harder for the dictatorship to function as it's already strapped for cash — Maduro has nearly $100 billion of debts, per Financial Times.

  • "This is not an oil embargo," a senior administration official clarified on a conference call with reporters Friday.
  • To limit harm to American and Venezuelan people, financing for export and import of petroleum will be allowed, as will transactions involving only PDVSA's U.S. affiliate, Citgo, preexisting Venezuelan debts, and humanitarian goods.
  • This comes after Maduro embraced what the White House is calling an "illegitimate" Constituent Assembly. The U.S. has previously sanctioned Venezuela three times.

Intended effect: To make sure the U.S. isn't complicit in the dictatorship and to bring a restoration of democracy to Venezuela.

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Biden bets it all on South Carolina

Illustration: Eniola Odetunde/Axios

COLUMBIA, S.C. — Most Joe Biden admirers Axios interviewed in South Carolina, where he's vowed to win today's primary, said they're unfazed by his embarrassing losses in Iowa, New Hampshire and Nevada.

Why it matters: Biden has bet it all on South Carolina to position himself as the best alternative to Bernie Sanders — his "good buddy," he tells voters before skewering Sanders' record and ideas.

Coronavirus updates: Market ends worst week since financial crisis

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The stock market ended its worst week since the financial crisis, prompting the Fed to release a statement. Meanwhile, the WHO warned that countries are losing their chance to contain the novel coronavirus and raised its global risk assessment to "very high" Friday.

The big picture: COVID-19 has killed more than 2,860 people and infected more than 84,000 others in over 60 countries and territories outside the epicenter in mainland China. The number of new cases reported outside China now exceed those inside the country.

Go deeperArrowUpdated 12 hours ago - Health

California coronavirus: Latest case has no recent history of international travel

Gov. Gavin Newsom. Photo: Kevork Djansezian/Getty Images

A new case of the novel coronavirus in California was announced on Friday after Gov. Gavin Newsom said Thursday that 33 people had tested positive for the virus, noting the risk to the public remains low.

What's new: An adult woman with chronic health conditions in Santa Clara County who "did not recently travel overseas" or come into contact with anyone known to be ill was confirmed to have contracted the coronavirus on Friday by CDC and California Department of Public Health officials.

Go deeperArrowUpdated 13 hours ago - Health