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Brisitsh Prime Minister Theresa May. Photo: Christopher Furlong/AFP/Getty Images

It’s a huge week for Brexit, but that won't necessarily mean more clarity on whether and how the U.K. will exit the EU.

Driving the news: There will be a vote on the Brexit deal Theresa May negotiated with the EU on Tuesday. The new deal will be almost identical to the one rejected back in January, which led May to the biggest Parliamentary defeat in more than a century.

  • Assuming that gets voted down, there will be a second vote on Wednesday where a no-deal Brexit will almost certainly be roundly rejected.
  • Therefore, expect a third vote on Thursday — this time to determine if Brexit should be delayed for two or three months. Any extension would have to be approved by the European Council, but the ask won't even be made unless and until Parliament votes for it.
  • That's the most likely scenario, but given how febrile British politics are right now, just about anything could happen, including no-confidence votes and the possibility of a new general election being called.

Go deeper

47 mins ago - Technology

Exclusive: Facebook's blackout didn't dent political ad reach

Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Americans saw more political ads on Facebook in the week before the 2020 election than they did the prior week despite the company's blackout on new political ads during that period, according to Global Witness, a human rights group that espouses tech regulation.

Why it matters: The presidential election was a key stress test for Facebook and other leading online platforms looking to prove that they can curb misinformation. Critics contend measures like the ad blackout barely made a dent.

Wall Street wonders how bad it has to get

Illustration: Aïda Amer/Axios

Wall Street is working out how bad the economy will have to get for Congress to feel motivated to move on economic support.

Why it matters: A pre-Thanksgiving data dump showed more evidence of a floundering economic recovery. But the slow drip of crumbling economic data may not be enough to push Washington past a gridlock to halt the economic backslide.

3 hours ago - Health

Moderna to file for FDA emergency use authorization for COVID-19 vaccine

Photo illustration by STR/NurPhoto via Getty Images

Moderna announced that it plans to file with the FDA Monday for an emergency use authorization for its coronavirus vaccine, which the company said has an efficacy rate of 94.1%.

Why it matters: Moderna will become the second company to file for a vaccine EUA after Pfizer did the same earlier this month, potentially paving the way for the U.S. to have two COVID-19 vaccines in distribution by the end of the year. The company said its vaccine has a 100% efficacy rate against severe COVID cases.