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Rebecca Blackwell / AP

Bloomberg L.P. announced today it will merge its government policy business, Bloomberg Government (BGOV), with its legal and regulatory business arm, Bloomberg BNA (BBNA), to create a single unit that will cover Washington. Bloomberg says the merger, happening this summer, will consolidate content, data and sales under Bloomberg BNA.

Why it matters: In an increasingly competitive media policy space, it made little sense for Bloomberg to have two Washington brands competing with each other for audience, revenue and brand recognition. Bloomberg created BGOV in 2011 to compete with other Beltway policy publications, like CQ Roll Call, Politico, the Hill and National Journal. Under the direction of then-CEO Daniel Doctoroff, Bloomberg also bought BNA that same year for almost $1 billion. It came to house Bloomberg's legal unit, Bloomberg Law, and covers regulatory news. These units work with Bloomberg News' Washington bureau.

Why it matters less: BGOV and BBNA are a small part of Bloomberg's more than $9 billion in annual revenue that's driven by the high-end Bloomberg Terminal financial-information subscription service.

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Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.

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