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

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.

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.

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

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

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

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

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

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.

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