A Walmart department store aisle. Photo: Jeffrey Greenberg/UIG via Getty Images

Walmart has launched a private-label furniture brand called MoDRN, a line of 650 products, ranging from sofas to dinnerware.

Why it matters: It's a direct hit to big furniture retailers like Wayfair and Ikea, and it's a challenge to Walmart's biggest rival, Amazon, which is also digging its heels into private-label products like batteries and mattresses. Both retail behemoths are using their massive customer bases and troves of shopper data to develop private products that can dominate the market.

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6 mins ago - Health

Trump's testing czar: The COVID surge "is real" and not just caused by more tests

Assistant Secretary of Health Adm. Brett Giroir, who leads the federal government's coronavirus testing response, pushed back on Wednesday against President Trump's continued claims that rising coronavirus cases are a product of increased testing.

The big picture: Every available piece of data shows that the pandemic is getting worse again across the country. Hospitalizations are on the rise — and some hospitals are warning that they could soon be overwhelmed — while 13 states set new highs last week for coronavirus infections recorded in a single day.

Cook Political Report moves Texas to "toss up" in presidential race

Photo: Brendan Smialowski/AFP via Getty Images

Cook Political Report moved Texas from "lean Republican" to "toss up" for the 2020 presidential race on Wednesday.

Why it matters: Texas, which has 38 electoral votes, hasn't backed a Democrat for president since 1976. A win for Biden in the historically red state would likely be a knockout blow against Trump.

Ben Geman, author of Generate
2 hours ago - Energy & Environment

Why the pandemic's carbon cuts still won't head off a climate emergency

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Data: BloombergNEF; Chart: Axios Visuals

Global carbon emissions from energy, which are the lion's share, will never fully come back from pre-pandemic levels — recovering from a pandemic-fueled decline but sinking again around 2027 with renewable energy on the rise — according to a BloombergNEF analysis.

But, but, but: It still won't prevent the planet from cooking, as the firm still sees enough emissions to lead to over 3.3°C of warming above preindustrial levels by century's end.