Martin Meissner / AP

General Motors is considering a sale of its European Opel unit to the French automaker Peugeot, the firm said yesterday. It's a move that could knock the carmaker out of its position as top-five auto manufacturer by volume, behind the likes of NIssan. But CEO Mary Barra is willing to take that risk, given that it's been a money losing operation for years. It's an example of Barra bucking the conventional wisdom that carmakers need massive scale to survive — she wants profit margins over volume.

Janet Yellen, round two: The Federal Reserve Chair will give testimony and face questions from the House Financial Services committee this morning, after spending time with the Senate Banking Committee yesterday. There's always more fireworks in the House than the more cordial Senate — look for tough questioning, on the topic of bank regulation specifically

Goldman hits new highs: Goldman Sachs stock touched a new record high Tuesday, its first in ten years. It's been a good year for Goldman Sachs, whose alumni are staffing the Trump Administration at an impressive rate. Investors bought up the bank's stock yesterday on improved economic metrics and the hope that coming financial regulatory reform will boost profits.

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Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 33,867,247 — Total deaths: 1,012,341 — Total recoveries: 23,537,059Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 7,229,319 — Total deaths: 206,887 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Education: School-aged children now make up 10% of all U.S COVID-19 cases.
  4. Health: The coronavirus' alarming impact on the body.
  5. Business: Real-time data show economy's rebound slowing but still going.
  6. Sports: Steelers-Titans NFL game delayed after coronavirus outbreak.
Ina Fried, author of Login
1 hour ago - Technology

Facebook removes Trump ads tying refugees to COVID-19

Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

Facebook said Wednesday that it was removing a series of ads from President Trump's campaign that linked American acceptance of refugees with increased coronavirus risk, a connection Facebook says is without merit.

Why it matters: The ads were pulled after they received thousands of impressions and are a sign that the Trump campaign continues to test the limits of social media rules on false information.

Over 73 million people watched the first debate on TV

Data: Nielsen; Chart: Andrew Witherspoon/Axios

More than 73.1 million people watched the first presidential debate on television on Tuesday night, according to Nielsen ratings.

Why it matters: While that's a sizable audience for any American TV program, it's down more than 13% from the record number of TV viewers who tuned in for the first debate of the 2016 election. The chaotic nature of the debate and the overall uncertainty around this year's election may have pushed some viewers away.