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Treasury points the finger at lenders over errors in PPP loan database
The U.S. Treasury Department is pointing the finger at lenders for errors discovered in Monday's PPP data disclosure.
What they're saying: "Companies listed had their PPP applications entered into SBA’s Electronic Transmission (ETran) system by an approved PPP lender. If a lender did not cancel the loan in the ETran system, the loan is listed," a senior administration official said.
Harvard and MIT sue Trump administration over rule barring foreign students from online classes
Harvard and MIT on Wednesday filed a lawsuit against the Department of Homeland Security to block federal guidance that would largely bar foreign college students from taking classes if their universities move classes entirely online in the fall.
The big picture: Colleges, which often rely heavily on tuition from international students, face a unique challenge to safely get students back to class during the coronavirus pandemic. Some elite institutions, like Harvard, have already made the decision to go virtual.
Facebook auditors say it's failing on civil rights
The findings from a new civil rights audit commissioned and released by Facebook show that the tech giant repeatedly failed to address issues of hatred, bigotry and manipulation on its platform.
Why it matters: The report comes as Facebook confronts a growing advertiser boycott and criticism for prioritizing freedom of speech over limiting misinformation and protecting users targeted by hate speech.
Sports in the coronavirus era might need an asterisk
American sports leagues are back, and COVID-permitting, we're finally entering the period of uninterrupted sports bliss we've been anticipating for months.
The question: Given the unusual circumstances, it's worth considering how each season will be remembered years from now. So we pose the question: Do sports in 2020 need an asterisk?
What China's uneven economic recovery means for the U.S.
Adapted from Institute of International Finance; Chart: Axios Visuals
China and much of Southeast Asia look to be bouncing back strongly from the coronavirus pandemic as stock markets and much of the country's economic data are returning to pre-pandemic levels.
What's happening: "Our tracking points to a clear V-shaped recovery in China," economists at the Institute of International Finance said in a note to clients Tuesday, predicting the country's second-quarter growth will rise above 2% after its worst quarter on record in Q1.
Chief Justice John Roberts was hospitalized in June after fall
Chief Justice John Roberts was hospitalized overnight after a fall on June 21, a Supreme Court spokesperson confirmed to the Washington Post on Tuesday.
Why it matters: Speculation regarding justices' health — given their lifetime appointments — always runs rampant, and this incident may have not been made public if the Post hadn't "received a tip."
Congress vs. tech's gang of four
The CEOs of tech's four leading giants will defend their industry's growing concentration of power from critics on both right and left who view them as monopolists when they testify, most likely virtually, before Congress on July 27.
Why it matters: The joint appearance by Facebook's Mark Zuckerberg, Apple's Tim Cook, Amazon's Jeff Bezos and Google's Sundar Pichai will mark a historic collision between the leaders of an industry that has changed the world and political leaders who believe those changes have harmed democracy and individual rights.
As pandemic rages, Trump left without news to rally around
Data: Newswhip; Graphic: Axios Visuals — Note: Hover over the graphic on desktop to see weekly articles and interactions for candidates and issues.
The three topics generating the most intense interest online are the coronavirus, racial injustice and foreign policy, according to data from NewsWhip provided exclusively to Axios — and all are issues that are working against President Trump right now.
Why it matters: Storylines in Trump's populist sweet spot that carried the news cycle for much of his presidency — immigration, trade, a strong economy — have fallen away during the pandemic.
