Marcio Jose Sanchez / AP

Tesla CEO Elon Musk expressed his dismay over President Trump's refugee ban on Sunday, arguing on Twitter that a blanket ban "is not the best way to address the country's challenges." He also pledged to solicit amendments to the order from fellow CEOs on the President's Strategic and Policy Forum, and present those to the president.

European markets fear Marine Le Pen

A closely watched measure of market expectations is showing European investors bracing for a spike in stock-price volatility right around the first round of French presidential elections in April. Though experts believe that anti-immigrant, populist Marine Le Pen is a longshot, market participants aren't taking any chances.

Feeling the pinch of the border tax

The Wall Street Journal quotes Katherine Gold, chief executive of a 100-employee distributor of children's shoes and accessories, saying that the planned reform would, "put us out of business if we can't pass on [the tax to customers] immediately." Importers like Gold would owe much more tax under the Republican reform plan, which hopes to benefit companies that employ Americans, rather than foreigners. Expect to hear more such stories as tax reform heats up.

Go deeper

Dion Rabouin, author of Markets
21 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
25 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.

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