Illustration: Aïda Amer/Axios

The Energy Information Administration sees U.S. oil production from shale formations falling from roughly 8.71 million barrels per day this month to less than 8.53 million in May.

Why it matters: The latest estimates published Monday show how the price and demand collapse is taking hold as producers scale back operations in the saturated and coronavirus-stricken market.

  • The biggest decline is slated to occur in the Permian Basin region of west Texas and New Mexico, which has been the heart of the U.S. boom.
  • The same report also revised the April production levels downward substantially compared to the prior version of the monthly tally.

Go deeper: White House weighs shale aid options as oil prices collapse

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Felix Salmon, author of Capital
22 mins ago - Economy & Business

A white-collar crime crackdown

Illustration: Eniola Odetunde/Axios

America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

  • After a decade-long bull market, there is no shortage of those frauds to prosecute.
50 mins ago - Technology

Lawyers crystal-ball the Google antitrust case

Illustration: Eniola Odetunde/Axios

The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.

The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.

The pandemic is getting worse again

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Data: The COVID Tracking Project, state health departments; Note: Due to a database error, Missouri had a 3 day gap in reporting from Oct. 11-13; Map: Andrew Witherspoon/Axios

Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.

The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.