Mel Evans / AP

Verizon and CBS announced a multi-year carriage deal to continue to retransmit CBS content and distribute Showtime, Smithsonian Channel and CBS Sports Network on Verizon Fios TV. Verizon will also provide access to live streaming on CBS.com and the CBS App, as well as future digital platforms that have not yet been announced. Financial terms were not disclosed.

What's in it for CBS? Retransmission revenue fees will bolster diminishing TV ad revenues as audiences move towards TV content consumption on second screens and on social media platforms. Providing access to CBS digital platforms will help CBS grow its digital audience, which is part of the network's long-term goal.

What's in it for Verizon? Verizon will maintain its competitive edge in the race for telecom companies to team with content providers to win subscribers. Sprint is partnering with Spotify and Sling TV, AT&T is trying to merge with Time Warner and T-Mobile's Binge-on platform gives subscribers access to a plethora of content from PBS to Apple Music to Disney.

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Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 7:30 p.m. ET: 18,982,658 — Total deaths: 712,266— Total recoveries — 11,477,642Map.
  2. U.S.: Total confirmed cases as of 7:30 p.m. ET: 4,873,747 — Total deaths: 159,931 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Pelosi rips GOP over stimulus negotiations: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Majority of Americans say states reopened too quicklyFauci says task force will examine aerosolized spread.
  5. Business: The health care sector imploded in Q2More farmers are declaring bankruptcyJuly's jobs report could be an inflection point for the recovery.
  6. Sports: Where college football's biggest conferences stand on playing.
26 mins ago - World

Nuclear free-for-all: The arms control era may be ending

Illustration: Aïda Amer/Axios

The mushroom clouds over Hiroshima and Nagasaki have remained unreplicated for 75 years in part because the U.S. and Soviet Union — after peering over the ledge into nuclear armageddon — began to negotiate.

Why it matters: The arms control era that began after the Cuban Missile Crisis may now be coming to a close. The next phase could be a nuclear free-for-all.

Pelosi, Schumer demand postmaster general reverse USPS cuts ahead of election

Schumer and Pelosi. Photo: Alex Wong/Getty Images

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer sent a letter to Postmaster General Louis DeJoy on Thursday calling for the recent Trump appointee to reverse operational changes to the U.S. Postal Service that "threaten the timely delivery of mail" ahead of the 2020 election.

Why it matters: U.S. mail and election infrastructure are facing a test like no other this November, with a record-breaking number of mail-in ballots expected as Americans attempt to vote in the midst of a pandemic.