Photo: Grant Halverson/Getty Images

The Carolina Panthers placed Cam Newton on injured reserve Tuesday, a move that effectively ends his season and could also spell the end of his tenure in Carolina.

Looking ahead: Newton has one more year left on the extension he signed after being named MVP in 2015, but the Panthers could save $19 million by cutting or trading the injury-prone star this offseason, per OverTheCap.

The bottom line: While it seems unlikely that the Panthers will cut Newton, they could seek a trade partner — especially if his replacement, Kyle Allen, keeps on winning (5-1 in Newton's absence).

  • Two winters ago, the Chiefs sent Alex Smith to Washington, and last winter, the Ravens sent Joe Flacco to Denver. Where might the Panthers send Newton? Chicago?

Go deeper: Professional sports leagues get creative with ownership options

Go deeper

Dion Rabouin, author of Markets
15 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
20 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.