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Photo: Justin Sullivan/Getty Images

Sen. Doug Jones (D-Ala.) said in a statement Wednesday that he will vote to convict President Trump on both articles of impeachment.

Why it matters: Jones is one of the most vulnerable Senate Democrats up for re-election in 2020, and the decision to vote in favor of removing Trump from office is likely to play a significant role in the deep-red Alabama Senate campaign.

What he's saying:

"Having done my best to see through the fog of partisanship, I am deeply troubled by the arguments put forth by the President’s lawyers in favor of virtually unchecked presidential power. In this case, the evidence clearly proves the President used the weight of his office and that of the United States government to coerce a foreign government to interfere in our election for his personal benefit. ..."
“The President’s actions demonstrate a belief that he is above the law, that Congress has no power whatsoever in questioning or examining his actions, and that all who do so, do so at their peril. That belief, unprecedented in the history of this country, simply must not be permitted to stand. To do otherwise risks guaranteeing that no future whistleblower or witness will ever come forward and no future President — Democrat or Republican — will be subject to Congressional oversight as mandated by the Constitution.”

Go deeper: Live updates from the impeachment trial

Go deeper

Dan Primack, author of Pro Rata
40 mins ago - Economy & Business

The Leon Black clock strikes midnight

Illustration: Sarah Grillo/Axios

Leon Black is "retiring" as CEO of Apollo Global Management, the alternative investment giant he has led since co-founding it in 1990. But he is not making a full break, as Black will remain chair of Apollo's board of directors.

Why it matters: This is the culmination of 18 months of head-in-the-sand obfuscation of Black's dealings with Jeffrey Epstein.

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.