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Bubba Wallace wears a Black Lives Matter T-shirt at Atlanta Motor Speedway in Hampton, Georgia, on June 7. Photo: Chris Graythen/Getty Images

NASCAR said in a statement late Sunday that it had launched an "immediate investigation" after a noose was found in Bubba Wallace's garage at Talladega Superspeedway in Lincoln, Alabama.

Why it matters: He's NASCAR's only black driver and helped push for the Confederate flag to be banned from the circuit's events and properties, Axios' Kendall Baker notes. NASCAR vowed to do "everything we can to identify" whomever was responsible and "eliminate them from the sport" following the "heinous act." Wallace said in a statement the "act of racism and hatred leaves me incredibly saddened and serves as a painful reminder of how much further we have to go as a society and how persistent we must be in the fight against racism."

Go deeper: NASCAR says it will ban display of Confederate flag

Go deeper

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
3 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.