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Podcast: Moderna's chief medical officer on its blockbuster vaccine news

Moderna Therapeutics today reported a 94.5% efficacy for its COVID-19 vaccine, which doesn't need to be stored at the same ultra-cold temperatures as does a similar vaccine developed by Pfizer. It also said short-term safety concerns, such as headaches and injection site soreness, self-resolved within days, and that it could have 20 million doses available by year-end.

Axios Re:Cap speaks with Moderna chief medical officer Tal Zaks about the new data, distribution, politics, and how it was preparing for this moment even before COVID-19 was discovered.

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Inside Democrats' $3.5 trillion budget resolution

The Senate's bipartisan $1.2 trillion infrastructure deal won't actually pass until Tuesday, but Democrats aren't waiting. They launched a $3.5 trillion budget resolution on Monday to allow them to pursue a unilateral package with a much looser definition of "infrastructure."

Why it matters: Democratic leaders' plan is nearly begging for a challenge, not just from Republicans, but potentially from some fellow Democrats as well as the Senate parliamentarian.

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GM boosts investment in electric, autonomous vehicles by $8 billion

General Motors plans to boost its cumulative investment in electric and autonomous vehicles to $35 billion from 2020-2025, a significant jump from a $27 billion target.

Driving the news: GM said this morning that the initiative will include building two new battery cell manufacturing plants in addition to the two already under construction in Tennessee and Ohio.

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