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Verizon's Swiss Army Knife for communication and disaster response. Photo: Verizon

This is THOR, Verizon's Tactical Humanitarian Operations Response vehicle, which the communications giant calls a 5G-enabled Swiss Army Knife on wheels.

Why it matters: It's a prototype of a vehicle that the Verizon Response Team — which handles major emergencies — could send to a disaster zone like a wildfire or hurricane to establish communications when other networks are down. It enables emergency responders from multiple agencies to communicate more easily.

Details: Built on a modified Ford F650 chassis, THOR can provide its own mobile network, along with commercial satellite options and radio communications.

  • It can be operated remotely from a tablet and comes with a drone that can fly ahead to provide aerial views for situational awareness.

Fun fact: Verizon's Response Team has a menagerie of field equipment they call The Barnyard: COWs (Cell On Wheels), COLTs (Cell On Light Trucks), CROWs (Cellular Repeater On Wheels) and GOATs (Generator On A Trailer).

Go deeper

Ina Fried, author of Login
Aug 12, 2021 - Economy & Business

Groups withdraw objections to Verizon-Tracfone deal

Photo: Alastair Pike/AFP via Getty Images

Several groups that had opposed Verizon's purchase of Tracfone say that they are satisfied with fresh commitments being made to the FCC and will withdraw their objections to the deal.

Why it matters: The status of Verizon's purchase of the low-cost prepaid brand had been unclear amid the concerns.

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

Driving the news: The Biden administration has faced rising inflation rates over recent months, which it has labeled as "transitory."

Hope King, author of Closer
2 hours ago - Economy & Business

Investors reset their compass

Data: FactSet; Chart: Axios Visuals

The endpoints of a stimulus-fueled market are being defined.

Why it matters: Conditions that drove excess pricing in riskier assets are steadily being removed, and big swings in the market like those seen today are inevitable as investors try to adjust to the new landscape.