Stacey Abrams. Photo: Melina Mara/The Washington Post via Getty Images

For plugged-in Democrats, "Stacey" and "Beto" are nearly as familiar as "AOC."

The backdrop: Stacey Abrams doesn't have a title before her name — a list of midterm results could call her "loser." But Democrats cheered yesterday when the barely-defeated candidate for Georgia governor was named to deliver the Democratic response to President Trump's State of the Union address.

  • Abrams, an entrepreneur and former Democratic leader in the Georgia House, was the first black woman to be the gubernatorial nominee of a major party, and won more votes than any other Democrat in Georgia history.
  • Speaker Pelosi said in the announcement: "Her electrifying message of courage, perseverance and hope reinvigorated our nation and our politics, and continues to inspire millions of Americans in every part of the country." founder Ezra Klein pointed out the midterm phenomenon:

  • "The biggest Dem superstars to emerge either lost to Republicans (Abrams, [Florida gubernatorial candidate Andrew] Gillum, Beto) or beat Democrats (AOC, [Massachusetts Rep. Ayanna] Pressley)."
  • Be smart: This reflects an online age where a personal brand can be as powerful as establishment trappings — or even public office.

Go deeper ... AOC, Beto: The 7 letters disrupting politics

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Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.

Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 10,902,347 — Total deaths: 521,940 — Total recoveries — 5,777,662Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,739,879 — Total deaths: 128,740 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.