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Sen. Chris Coons. Photo: Bastiaan Slabbers/NurPhoto via Getty Images

Democratic Sen. Chris Coons (Del.) and Republican Sen. Mike Braun (Ind.) are launching the Senate Climate Solutions Caucus aimed at fostering bipartisan cooperation on climate change.

The big picture: Coons, in remarks to NBC News, laid out some areas of potential cooperation. "Bipartisan ideas already exist — from improving energy efficiency and investing in R&D to supporting energy security and workforce development," he said.

Driving the news: The Washington Examiner writes that Republican Sen. Lisa Murkowski (Alaska), who chairs the Energy and Natural Resources Committee, will join the effort.

Quick take: The formation comes on the heels of a fresh reminder that while modest agreements may be possible, Democrats face massive hurdles if they seek to advance sweeping legislation to sharply cut emissions.

  • Last week Democrats fell far short in their effort to thwart the EPA's decision to scrap Obama-era carbon emissions regulations for power plants — a vote that saw three conservative Democrats vote with the GOP.

What they're saying: "The Democratic defections underscore our view that even if Democrats take the Senate and White House in 2020, the need for moderate support within their caucus will force them to temper their most aggressive environmental policy ambitions to have any chance at passage," Rapidan Energy Group said in a note last week.

Go deeper

3 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
8 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.