May 4, 2018

U.S. securities regulators want Jay-Z in court

Source: Giphy

The U.S. Securities and Exchange Commission yesterday filed a subpoena enforcement action against Shawn Carter (a.k.a. Jay-Z), saying it wants him in federal court next week to testify about his relationship with Iconix Brand Group.

Bottom line: The SEC isn't currently alleging that the rapper did anything wrong, except for ignoring its demand that he testify.

Carter was co-founder of apparel company Rocawear, which was purchased in 2007 by Iconix Brands Group for $204 million. The SEC is investigating Iconix, which has effectively written off the entire $204 million but which maintained business partnerships with Carter.

The SEC said its enforcement action does not reflect a determination of improper activity by Carter.
Carter's spox: "Mr. Carter is a private citizen who should not be involved in this matter.”

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Axios

Updated 10 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 9 a.m. ET: 5,840,369 — Total deaths: 361,066 — Total recoveries — 2,439,310 — Map.
U.S.: Total confirmed cases as of 9 a.m. ET: 1,721,926 — Total deaths: 101,621 — Total recoveries: 399,991 — Total tested: 15,646,041 — Map.
Public health: Hydroxychloroquine prescription fills exploded in March.
Business: Many poor and minority families can't afford food or rent.
2020: Trump courts Asian American vote amid coronavirus — The RNC issued proposed safety guidelines for its planned convention in Charlotte.
Vaccine: How the U.S. might distribute a coronavirus vaccine once we have one.
What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagious — Masks, lending books and self-isolating — Exercise, laundry, what counts as soap — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — How to minimize your risk.
Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Mike Allen, Ursula Perano

Updated 34 mins ago - Politics & Policy

In photos: Protests over George Floyd's death grip Minneapolis

The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.

What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.

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Kendall Baker

1 hour ago - Sports

European soccer's push to return

A Bundesliga match between Borussia Dortmund and Bayern Munchen in an empty stadium. Photo: Alexandre Simoes/Borussia Dortmund via Getty Images

European soccer made a splash Thursday, with two of its biggest leagues announcing official return-to-play dates in June.

Why it matters: Soccer is the world's most popular sport, so watching its return through the lens of various leagues, countries and cultures — all of which have been uniquely impacted by the coronavirus pandemic — is illuminating.

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