Axios

Pacific Gas & Electric (PG&E) announced Sunday that it would begin power shut-offs for roughly 361,000 California customers due to dry weather that could risk wildfire spread.

Where it stands: Cal Fire identified two new fire incidents late on Sunday that have spread through 70 acres. Two other major fires in the state are 80% and 30% contained.

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

The New Hampshire Union Leader, the conservative-leaning Manchester-based newspaper, endorsed Joe Biden for president on Sunday.

Why it matters: It's the first time the paper has endorsed a Democrat for president in over 100 years, after it broke from more than a century of backing Republicans to endorse libertarian Gary Johnson over President Trump in 2016.

As the 2020 presidential campaign draws to a close, President Trump and Joe Biden have focused little on some of the most sweeping trends that will outlive the fights of the moment.

Why it matters: Both have engaged on some issues, like climate change and China, on their own terms, and Biden has addressed themes like economic inequality that work to his advantage. But others have gone largely unmentioned — a missed opportunity to address big shifts that are changing the country.

"The pandemic and its restrictions have hurt Coke, which gets about half of its sales from restaurants, cafeterias, stadiums, and other places and events outside the home," per Barron's.

Yes, but: Coca-Cola is promising a "reopening" plan: "Coke benefits from rising living standards in the developing world. And ... the company generates about 75% of its profits outside the U.S."

After spending an additional $45.2 million on political ads this week, former Vice President Joe Biden has become the highest-spending political candidate on TV ads ever, according to data from Advertising Analytics.

By the numbers: In total, the Biden campaign has spent $582.7 million on TV ads between 2019 and 2020, officially surpassing Michael Bloomberg's record spend of roughly $582 million. Biden's spend includes his primary and general election advertising.