Jim Lo Scalzo / AP

Exxon Mobil said Monday that it plans to spend $20 billion over 10 years on refineries, chemical and liquefied natural gas plants along the Gulf Coast, per AP. CEO Darren Woods said that the company will expand its currents plants as well as construct new ones to help bolster production of its petroleum products, adding that the investment will create 12,000 permanent jobs.

As the AP points out, the $20 billion would roughly equal the company's total capital spending in 2015. Last week Exxon announced that it plans to increase overall investments to an average of $25 billion a year from 2018 to 2020.

Following the announcement, Trump tweeted his thanks to Exxon for continuing to "Buy American & hire American": "45,000 construction & manufacturing jobs in the U.S. Gulf Coast region. $20 billion investment. We are already winning again, America!"

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Biden releases plan to strengthen coronavirus supply chain

Photo: Brendan Smialowski/AFP via Getty Images

Joe Biden's campaign released a three-part plan Tuesday to rebuild U.S. supply chains in the wake of the coronavirus pandemic, and it's centered around the idea that the country is more vulnerable to global disruptions in spite of President Trump's "America First" rhetoric.

Why it matters: Biden is proposing a way to make sure the U.S. doesn't rely on other countries for personal protective equipment (PPE) and other related medical supplies. That's another way of acknowledging that we're not getting over this health crisis anytime soon.

Updated 2 mins ago - Politics & Policy

The major police reforms that have been enacted since George Floyd's death

NYPD officers watch a George Floyd protest in Manhattan on June 6. Photo: Scott Heins/Getty Images

Nationwide Black Lives Matter protests sparked by George Floyd's killing have put new pressure on states and cities to scale back the force that officers can use on civilians.

Why it matters: Police reforms of this scale have not taken place in response to the Black Lives Matter movement since its inception in 2013, after George Zimmerman's acquittal for shooting Trayvon Martin, an unarmed Black teenager.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 1:30 p.m. ET: 11,679,808 — Total deaths: 539,764 — Total recoveries — 6,348,785Map.
  2. U.S.: Total confirmed cases as of 1:30 p.m. ET: 2,953,423 — Total deaths: 130,546 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. States: Arizona reports record 117 deaths in 24 hours.
  4. Public health: Trump administration invests $2 billion for drug treatments.
  5. Business: Breaking down the PPP disclosure debacle
  6. World: Brazil's President Bolsonaro tests positive— India reports third-highest case count in the world.