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Newsom addresses DNC from site of California wildfires: "Climate change is real"

California Gov. Gavin Newsom (D) used his Democratic National Convention address on Thursday to highlight the real-world effects of climate change, speaking just a mile from the site of one of the over 370 wildfires that are currently ravaging his state.

What he's saying: "Well, I confess this is not where I expected to be speaking here tonight," said Newsom, who was originally set to speak at the DNC but remained in California to monitor the fires. "We are just coming off a record heat wave that led to 130 degree temperatures — the highest temperature ever recorded in California."


  • "The hots are getting hotter, the drys are getting drier. Climate change is real. If you are in denial about climate change, come to California. 11,000 dry lightning strikes over a 72-hour period, leading to this unprecedented challenge with these wildfires."
  • "This is an extraordinary moment in our history. Mother Nature has now joined this conversation around climate change. And so we need to advance that conversation anew."

The big picture: Newsom tore into President Trump, who does not believe in man-made climate change, for claiming that the wildfires are the result of the state not cleaning its "floors" — and for suggesting that the federal government should withhold relief funds to California.

  • "You gotta clean your floors, you gotta clean your forests — there are many, many years of leaves and broken trees and they’re like, like, so flammable, you touch them and it goes up," Trump told reporters Thursday.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

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Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

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"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

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What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

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