Hi, I'm Demphrmack, host of Axios Recap.

Today I want to share with you an episode of Axios Today, which is our new weekday morning

news show hosted by Nailabudu.

Consider it kind of the morning bookend to what we do in the afternoon.

I hope you enjoy it and I'll talk to you later today.

Today's episode is brought to you by Chevron.

Good morning. It's Friday, June 26th. Welcome to Axios today. I'm Nyla Boodoo. Every weekday in

just 10 minutes, we'll make you smarter about your day. We're getting started with one big thing.

That's our one story you can't miss.

Today we take a new look at reparations for slavery. It's no longer a fringe issue, especially as

private companies have started to take action. Plus, we've developed one real-time measure of how

much people are going out to bars and restaurants during the pandemic. But first, the case for business reparations is today's one big thing.

There's been a renewed interest in addressing racial inequality in the United States and even calls for reparations from the U.S. government.

But Axios Market reporter Courtney Brown says reparations may actually move faster in the private sector, where calls for change are also getting louder.

Some of the world's oldest institutions are reckoning with how they've profited from the history of slavery.

One example, Lloyd's of London, it's the world's biggest insurance marketplace.

They apologized for insuring slaving ships.

What they said a few weeks ago was they are going to do a number of things,

including donate to charities that support black and minority ethnic groups to make amends

for those actions. They were relatively vague, and activists say that's not enough.

The Lloyd's case is really interesting because actually it was like back in 2004, slave descendants, families who were descended from slaves actually sued Lloyd's, right?

Right.

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