Shizuo Kambayash/AP

Auto parts maker Takata pleaded guilty Monday and will pay $1 billion in criminal penalties for a crime related to the company's manufacture of defective airbags, which are linked to 11 deaths and hundreds of injuries in the U.S. The Japanese firm has taken outside investment from a rival and is considering bankruptcy. Plaintiffs lawyers are also suing auto manufacturers like Toyota and Ford, alleging they installed Takata airbags in their cars despite being aware of the dangers they posed.

Let the renegotiations begin: The Senate confirmed Commerce Secretary Wilbur Ross Monday evening, meaning that the turnaround specialist can finally get to work renegotiating NAFTA. The Trump Administration, however, is hasn't been clear on what exactly it wants to accomplish by the talks.

Investors eye Trump speech: Pantheon Macro's Ian Shepherdson sees a growing conflict between the Trump White House and Congressional budget hawks. The president talks tough on the deficit, but early signs point to his pushing higher deficits to make good on his promise to cut taxes and protect entitlements. Stock markets will love an endorsement of this strategy during tonight's speech, but Shepherdson argues Treasury bond markets "will take fright" at the debt such a strategy would accrue.

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Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events
  6. World: Unrest in Italy as restrictions grow across Europe.
  7. Media: Fox News president and several hosts advised to quarantine.
Updated 47 mins ago - World

In photos: Unrest in Italy as coronavirus restrictions grow across Europe

An anti-government demonstration against the economic consequences of the new measures in Turin, Italy, where luxury stores were "ransacked," on Oct. 26, the Guardian reports. Photo: Diego Puletto/Getty Images

Protests in Italy against fresh COVID-19 pandemic restrictions that came into effect Monday descended into violence in Milan and and Turin, where police used tear gas to disperse demonstrators, per the Guardian.

The big picture: The protests in Italian cities still reeling from the first lockdown mark some of the biggest resistance against measures seen yet as restrictions return across Europe, which is facing a second coronavirus wave. From Denmark to Romania, this is what's been happening, in photos.

Republicans and Dems react to Coney Barrett's Supreme Court confirmation

President Trump stands with Judge Amy Coney Barrett after she took the constitutional oath to serve as a Supreme Court justice during a White House ceremony Monday night .Photo: Tasos Katopodis/Getty Images)

President Trump said Judge Amy Coney Barrett's Senate confirmation to the Supreme Court and her subsequent taking of the constitutional oath Monday was a "momentous day," as she she vowed to serve "without any fear or favour."

  • But as Republicans applauded the third conservative justice in four years, many Democrats including Speaker Nancy Pelosi (Calif.) warned of consequences to the rush to replace the late Justice Ruth Bader Ginsburg ahead of the Nov. 3 election, with progressives leading calls to expand the court.