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Postmaster general to testify before Senate committee on Friday

Postmaster General Louis DeJoy is scheduled to give his first testimony on recent changes to the U.S. Postal Service to the Republican-led Senate Homeland Security Committee on Friday, the Washington Post first reported.

Why it matters: It will be DeJoy's first opportunity to answer questions since lawmakers began raising alarms about widespread disruptions to the Postal Service, which some Democrats allege President Trump is attempting to undermine ahead of an election that will see a record number of mail-in ballots.


  • DeJoy, a wealthy businessman and longtime Republican fundraiser, will also appear before the House Oversight Committee on Monday.

Driving the news: Speaker Nancy Pelosi has called back the House to vote on Saturday on $25 billion in additional USPS funding to offset the expected avalanche of mail-in voting for the 2020 election. The bill Democrats have proposed would also "prohibit the Postal Service from dialing back levels of service it had in place" on Jan. 1 until the pandemic ends.

What they're saying: “I am pleased that immense pressure from Senate Democrats and the American people have forced Senate Republicans to confront Postmaster General DeJoy’s ongoing sabotage of the Postal Service that threatens the integrity of our elections and delays vital services," Senate Minority Leader Chuck Schumer said in a statement on Tuesday.

Go deeper: Postal slowdown threatens election breakdown

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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