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Theresa May. Photo: Clodagh Kilcoyne/WPA Pool/Getty Images

Three members of the U.K. Parliament have resigned from the Conservative Party on Wednesday, joining 8 of their former Labour Party colleagues in the newly formed Independent Group of lawmakers, citing an opposition to Prime Minister Theresa May's Brexit approach, per The Independent.

Why it matters: The Independent Group now has as many members in the House of Commons as the Liberal Democrats, which held power with the Conservatives in a coalition government from 2010 to 2015. And, while the defections do little to change the Brexit voting calculus in the Commons, they do add symbolic strength to the Independent Group's makeup.

Go deeper ... The Brexit dilemma: British politics is broken

Go deeper

Dan Primack, author of Pro Rata
25 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.