Axios Re:Cap

Shake Shack on Monday announced it would give back the $10 million it received via the Paycheck Protection Program, in the midst of circulating criticisms of the program’s application process and how it distributed funds before it ran out. Dan is joined by Shake Shack founder and chairman Danny Meyer to discuss the company's decision, the state of restaurants, and how the next phase of PPP should be structured. PLUS: Why Dropbox paid people to hack Zoom and Silicon Valley tracks COVID-19 Learn more about your ad choices. Visit megaphone.fm/adchoices

A handful of countries in Europe are attempting to reopen parts of their economies, and the rest of the world is watching for signs of success and strategies that can be emulated — but also for secondary outbreaks. Axios world editor Dave Lawler joins Dan to analyze these plans and we may start to see.  PLUS: Silicon Valley slows down and the end of middle seats on airplanes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Forbes just released its Midas list, which ranks the top venture capitalists around the world each year. Dan and Forbes senior editor Alex Konrad dig into the list and discuss what VC investments mean at a moment when companies in nearly every sector are struggling in the face of the coronavirus crisis.  PLUS: The small business loans program is out of money and Facebook takes a giant step towards fighting coronavirus misinformation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Senator Elizabeth Warren and Representative Ro Khanna have released a proposal for a bill of rights for essential workers that covers protective equipment, premium pay, universal paid sick leave, health care coverage, child care, and more. Rep. Khanna joins Dan to discuss the proposal’s scope, what it aims to accomplish, and who would benefit.   PLUS: Zoom’s new security problem and corporate America gets a return-to-work reality check Learn more about your ad choices. Visit megaphone.fm/adchoices

States, cities and towns around the country rely on sales taxes, and they are facing an unprecedented drop in tax revenue. Dan is joined by Axios politics reporter Stef Kight to talk about their reporting on what happens if governments on the state and local level start to go bankrupt.  PLUS: Big Tech fills the testing vacuum and Elizabeth Warren’s bill of rights for essential workers Learn more about your ad choices. Visit megaphone.fm/adchoices

Hydroxychloroquine has evolved from a sleepy anti-malaria drug into a partisan litmus test over the future of COVID-19 treatment. Dan and Axios healthcare reporter Bob Herman dig into what we know about the drug, what we still don't, and why both matter. PLUS: New money for small businesses and a way to help New York medical workers Learn more about your ad choices. Visit megaphone.fm/adchoices

Jack Dorsey, Bill Gates, and other billionaires are pledging money to address the coronavirus crisis, raising a question: as billionaires do good, are they perpetuating a system that relies on their power and influence? Recode’s senior reporter on money and influence Teddy Schleifer joins Dan to discuss.  PLUS: Staples stiffs its landlords and Passover via Zoom Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. will not be able to reopen as quickly as it closed without ensuring another wave of coronavirus outbreaks. Dan and Axios chief financial correspondent Felix Salmon discuss what it will take to safely reopen the American economy and how far off that may be.  PLUS: WeWork sues SoftBank and Airbnb buys a buffer Learn more about your ad choices. Visit megaphone.fm/adchoices

Oil prices have cratered, due to reduced demand and a dispute between Russia and Saudi Arabia, threatening one of America's largest industries. Dan digs in with Axios energy reporters Amy Harder and Ben Gemen. PLUS: ER docs get pay cuts and the launch of Quibi. Learn more about your ad choices. Visit megaphone.fm/adchoices

American small businesses soon will be able to get government loans to keep people employed, but many startups will be left out because of an old rule that the CARES Act didn't address. Dan is joined by House Minority Leader Kevin McCarthy (R-CA), who's working with Nancy Pelosi and others to get this changed. PLUS: Zoom grows up and a random act of kindness Learn more about your ad choices. Visit megaphone.fm/adchoices

The Trump administration has been hesitant to invoke the Defense Production Act to address supplies shortages in the coronavirus crisis — but a New York Times report found that the Act has been regularly invoked by the Department of Defense during Trump’s presidency. Dan is joined by New York Times homeland security correspondent Zolan Kanno-Youngs.  PLUS: America now has fewer wireless carriers and Ohio University gives us a reason to stand up and cheer Learn more about your ad choices. Visit megaphone.fm/adchoices

In the midst of coronavirus, trust in local media is on the rise, but across the board trust in media largely remains low, and isn’t helped by President Trump’s accusations of “fake news.” Dan and Axios media reporter Sara Fischer examine the spread of misinformation and confidence in the media when the stakes around information have never been higher. PLUS: Tracking the coronavirus from space and private equity nearly closes a hospital Learn more about your ad choices. Visit megaphone.fm/adchoices

Axios Co-founder and President Roy Schwartz tested positive for coronavirus and has since made a recovery. He joins Dan to talk about his unusual symptoms, the challenges of quarantining when you have a family, and what he saw when he went to the hospital.   PLUS: Instacart workers on strike and a beloved bookstore rehires its workers Learn more about your ad choices. Visit megaphone.fm/adchoices

Trump pledged to reopen the U.S. by Easter, a date that experts agree is far too soon to effectively contain the spread of coronavirus. Dan and Axios national political reporter Jonathan Swan discuss how Trump decided on that date, who he is listening to, and how his administration might act next. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve heard about the need for better coronavirus testing, but there’s another test that could advance our understanding of the virus: a serological test, which measures whether people have antibodies — and possibly immunity — to the virus. Dan and Axios managing editor Alison Snyder talk about what this test could tell us. Learn more about your ad choices. Visit megaphone.fm/adchoices