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The WSJ reports that Verizon will cut its $4.83 billion deal to buy Yahoo by as much as $350 million, and will evenly split the costs from Yahoo's two major data breaches. Verizon has also agreed to give up its right to sue over the idea that Yahoo covered up its hacks.

Note: Last week, Bloomberg reported that Verizon cut the deal price by $250 million, a great compromise for Yahoo after its messy data breaches. Even with the news that Verizon wants to lower the price by another $100 million, Yahoo is surely still breathing a sigh of relief that Verizon hasn't killed the deal entirely.

Go deeper

Kendall Baker, author of Sports
12 mins ago - Sports

New laws, new rules bring big changes to college sports

Illustration: Sarah Grillo/Axios

The college sports landscape could change more in the next six months than it has in the last 50 years, as the NCAA grapples with new competition, new laws and new rules.

How it works... 1. Startup leagues: Investors are flocking to new leagues that aim to compete with the NCAA, evidence of just how much opposition there is to the amateurism model — and how much belief there is in new ones.

Malaria vaccine from Oxford highly effective in early trials

Family in Brazil under a malaria net. Photo: J R Ripper/Brazil Photos/LightRocket via Getty Images

A malaria vaccine developed by Oxford University was found to have "high-level efficacy" in phase II trials, according to a pre-print study released on Friday.

Why it matters: Malaria kills over 400,000 people a year, more than half of them children under the age of 5. Deaths have fallen in half over the past 20 years thanks to investment in prevention and drugs, but a truly effective malaria vaccine would represent one of the greatest victories in the history of public health.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

87% of Americans are worried about inflation

Expand chart
Data: CivicScience; Chart: Will Chase/Axios

Americans are growing more concerned about rising costs and are consistently boosting their inflation expectations, new data show.

Driving the news: A new survey from CivicScience shows 87% of those surveyed in a representative sample of U.S. adults say they are at least "somewhat concerned" about the increasing cost of household expenses (all numbers are rounded to the nearest percentage point).