Amazon on Thursday announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change.
Axios Re:Cap digs into how Amazon hopes the fund will help achieve its goal of being carbon neutral by 2040, and whether the plan is more substance than spin, with Matt Peterson, Amazon's director of new initiatives and corporate development.
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The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.
Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.
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Top White House officials have quietly been meeting — on the Hill and over the phone — with Republican senators who drafted a counterproposal to President Biden's infrastructure plan, multiple sources tell Axios.
What we're hearing: The GOP senators say they're optimistic the Biden administration is open to concessions and can reach a compromise. They've been heartened by their talks with White House Chief of Staff Ron Klain, counselor to the president Steve Ricchetti and legislative affairs director Louisa Terrell.
