Congresswoman Elizabeth Etsy (D-Conn.) on Capitol Hill. Photo: Jim Watson / AFP via Getty Images

Rep. Elizabeth Esty (D-Conn.) announced Monday that she is not seeking re-election after facing continued criticism for her handling of harassment allegations against her former chief of staff Tony Baker, reports the Hartford Courant.

Fellow Democratic lawmakers had called on Esty to resign following reports that Baker had remained on her staff for three months after she learned he had threatened to kill a former female colleague he had dated. The victim said she told Esty that Baker "had punched, harassed and berated her in 2014 when they both worked in Esty’s Capitol Hill office," according to the Washington Post.

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Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).