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Photo: Penguin Random House

Former President Obama's memoir will be published in two volumes — with a 768-page Volume 1, "A Promised Land," out Nov. 17 in 25 languages, publisher Penguin Random House announced Thursday.

What we're hearing: The long wait for the book has been a running joke with former Obama aides, but they tell Axios it's worth the wait.

  • Obama is a graceful, thoughtful writer who cares about the words — and has two previous bestsellers, "Dreams from My Father" and "The Audacity of Hope."
  • The ferociously competitive Obama knows he's unlikely to outsell Michelle Obama's "Becoming," which was the biggest selling U.S. book of 2018, and remained on the N.Y. Times bestseller list for well more than a year.

In his own words, Obama will give a personal account of his "improbable odyssey from young man searching for his identity to leader of the free world," per the announcement.

  • "We are privy to his thoughts as he assembles his Cabinet, wrestles with a global financial crisis, takes the measure of Vladimir Putin, overcomes seemingly insurmountable odds to secure passage of the Affordable Care Act."

Details: Obama will narrate an audio edition.

  • There is not yet a release date for the second volume.

What he's saying: "There’s no feeling like finishing a book, and I’m proud of this one. I’ve spent the last few years reflecting on my presidency, and in 'A Promised Land' I’ve tried to provide an honest accounting of my presidential campaign and my time in office," Obama said in a statement.

  • "And finally, at a time when America is going through such enormous upheaval, the book offers some of my broader thoughts on how we can heal the divisions in our country going forward and make our democracy work for everybody — a task that won’t depend on any single president, but on all of us as engaged citizens.

Flashback: Penguin Random House secured the rights to the memoir back in 2017, after a bidding war that reportedly exceeded $60 million.

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Go deeper

Biden's economic team will write a new crisis playbook

Illustration: Eniola Odetunde/Axios

Joe Biden's economic team faces a daunting task helping the millions of Americans who have lost their jobs or otherwise been financially ravaged by the coronavirus. But most of them have first-hand crisis experience, dating back to when Barack Obama inherited a crumbling economy when he took office in 2009.

Why it matters: Most of President-elect Biden's economic nominees served in the Obama administration, and wish that they could have gone bigger to help America recover from the 2008 financial crisis. But it's not going to be easy for them to push through massive fiscal spending in 2021.

Airlines call for Biden admin's "immediate intervention" in 5G deployment

Photo: Tayfun Coskun/Anadolu Agency via Getty Images

The CEOs of leading U.S. air cargo and passenger carriers on Monday warned the Biden administration there could be "catastrophic disruption" after AT&T and Verizon deploy a new 5G service this week.

Driving the news: They said in a letter to Transportation Secretary Pete Buttigieg and other top federal officials ahead of the C-Band 5G service's deployment Wednesday that "the nation's commerce will grind to a halt" and "could potentially strand tens of thousands of Americans overseas."

Updated 3 hours ago - Energy & Environment

Thousands without power as "hazardous" winter storm lashes East Coast

Satellite imagery of the Northeastern U.S. taken by NOAA on Jan. 17. Photo: NOAA

A major winter storm lashed much of the East Coast Sunday and Monday, causing widespread power outages and disrupting travel over the holiday weekend.

The latest: Authorities in North Carolina confirmed that two people died in a car crash and that they responded 600 vehicle accidents during the storm on Sunday, per the Washington Post.