Michael Probst /AP

Verizon on Tuesday completed its $4.5 billion purchase of Yahoo's Internet assets, which basically means it bought all of Yahoo except for its equity holdings in Alibaba and Yahoo Japan.

  • New names: Yahoo will be integrated into existing Verizon property AOL, which will operate as a new internal business called Oath. The remaining Yahoo asset structure is called Altaba.
  • Big number: 2,100. That's how many Yahoo and AOL employees are expected to be laid off, representing around 15% of the combined workforce.
  • Happy trails: Outgoing Yahoo CEO Marissa Mayer receives a golden parachute valued at more than $23 million, and this morning sent a memo to staffers that she then posted to Tumblr (which was her largest acquisition while running Yahoo).

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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Biden raises $141 million more than Trump

Combination images of President Trump and his 2020 presidential rival Joe Biden. Photo: Sarah Silbiger/Getty Images/Alex Wong/Getty Images

Joe Biden's campaign, the Democratic National Committee and joint fundraising committees raised $466 million cash on hand, the presidential candidate's team announced late Sunday.

Why it matters: President Trump's campaign raised $325 million cash on hand, his campaign communications director Tim Murtaugh announced Friday. In the spring, Biden was $187 million behind Trump and the Republican National Committee.

Virtual Emmys address chaotic year for American TV and society

Emmy Host Jimmy Kimmel during rehearsals Friday for the 72nd Annual Emmy Awards at the Staples Center in Los Angeles. Photo: Al Seib/ Los Angeles Times via Getty Images

The Emmy Awards Sunday night addressed the major U.S. issues this year — including the protests on systemic racism and police brutality, the wildfires engulfing parts of the West Coast, the census, the pandemic, essential works and the election.

Why it matters: Award shows have always addressed wider cultural issues, but this year — amid unprecedented stress and uncertainty — that trend has accelerated.