Feb 14, 2017

Trump signs first law reversing Obama regulations

Evan Vucci / AP

Trump is reversing the Obama-era regulation that required oil, gas, and mining companies to report their payments to foreign governments. It was enacted to foster transparency, but the White House wrote today in a press release, "The regulation created an unfair advantage for foreign-owned extraction companies."

Why this matters: This is only the second time the 1996 Congressional Review Act has been used, which allows the POTUS to overturn a previous administration's regulations that were added in its final 60 days. Read our earlier story about the load of reversals on the way.

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Why StubHub halted refunds

Illustration: Aïda Amer/Axios

With sports on pause and large gatherings banned across the globe, the live events industry has effectively ground to a halt.

The state of play: In the U.S. alone, more than 23,000 events have been canceled, postponed or rescheduled in the past three weeks.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 877,422 — Total deaths: 43,537 — Total recoveries: 185,241.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 10 a.m. ET: 189,633 — Total deaths: 4,081 — Total recoveries: 7,136.
  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.
  6. 2020 updates: Joe Biden said it's "hard to envision" the Democratic National Convention going ahead as planned in July.
  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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Renewable energy industry eyes next coronavirus stimulus bill

Illustration: Aïda Amer/Axios

The renewable energy sector is pressing for the "phase 4" coronavirus response bill to provide the aid that was omitted from the recent $2 trillion rescue package — and they might have a wider opening this time around.

Why it matters: Wind and solar developers are warning of project cancelations and layoffs as activity is frozen, supply chains are disrupted, and companies risk missing deadlines to use tax credits.