Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Scott Eisen/Getty Images

Ten-term incumbent Massachusetts Democratic Rep. Michael Capuano has conceded to Ayanna Pressley in Tuesday night's primary elections, reports the Associated Press.

Why it matters: Ayanna Pressley, a 44-year-old black woman, will likely become the first black female member of Congress from Massachusetts. After Alexandria Ocasio-Cortez's upset victory in New York, this is further evidence of the power of insurgent, progressive campaigns led by women of color.

The backdrop: Capuano, who is white, hadn't faced a serious primary challenger since he was first elected in the late 1990s. This year changed everything when 44-year-old Ayanna Pressley — the first black woman to serve on Boston City Council — ousted him

But this race became more about representation in Congress and electing a new generation of leaders than it was about progressive vs. "establishment" Democrats.

  • Capuano had been leading by double digits in the polls. He joined the Congressional Progressive Caucus during his first term in office. He's expanded the state's housing, health care projects and transit system, per NYT.
  • He supported Medicare-for-all before it became a staple of the Democratic Party. He's supported an impeachment vote against President Trump. Over 30 years ago he led an effort to make a "sanctuary city" of Somerville, Massachusetts.
  • They've both agreed they're likely to vote the same way on critical issues.
  • Pressley's campaign staples are “economic inequality, the wealth and wage gap, structural racism, and gun violence,” she told Jezebel.
  • "I’m not running to keep things as they are," Pressley told NYT. "I’m running to change them."

The bottom line: The political climate in 2018 favors women, political newcomers, and underdogs. Ayanna Pressley is the latest example of that in one of the last Democrat-on-Democrat primaries of the season.

Correction: This story has been updated to reflect that Pressley could be the first female black Congressperson for Massachusetts.

Go deeper

Bipartisan group of senators seeks coronavirus stimulus deal

Sens. Joe Manchin (D-W.V.) and Susan Collins (R-Maine). Photo: Drew Angerer/Getty Images

At least eight Republican and Democratic senators have formed an informal working group aimed at securing new coronavirus spending during the lame-duck session, a move favored by President-elect Biden, two sources familiar with the group tell Axios.

Why it matters: It may be the most significant bipartisan step toward COVID relief in months.

FCC chairman to depart in January

FCC Chairman Ajit Pai. Photo: Alex Wong/Getty Images

Ajit Pai will leave his post as chairman of the Federal Communications Commission on Jan. 20, the agency said today.

Why it matters: Pai's Inauguration Day departure is in keeping with agency tradition, and could set up the Biden administration with a 2-1 Democratic majority at the FCC if the Senate fails to confirm another Trump nominee during the lame-duck period.

Ben Geman, author of Generate
3 hours ago - Economy & Business

GM's shrinking deal with Nikola

Illustration: Rebecca Zisser/Axios

General Motors will no longer take an equity stake in Nikola Corp. or build its pickup truck, under a revised deal that still envisions GM as a key tech supplier for Nikola's planned line of electric and fuel cell heavy trucks.

Driving the news: The revised agreement Monday is smaller in scope than a draft partnership rolled out in September that had included a $2 billion stake in the startup and an agreement to build its Badger pickup.