Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Senator Elizabeth Warren. Photo: Craig F. Walker/The Boston Globe via Getty Images

Senator Elizabeth Warren (D-Mass.) introduced a sweeping anti-corruption bill Tuesday that would impose a lifetime ban on lobbying for presidents and federal lawmakers, restrict elected officials from owning individual stock, and limit lobbying on behalf of foreign governments.

Why it matters: Warren's Anti-Corruption and Public Integrity Act has a slim chance of passing, but it does shine a light on the questionable financial practices of several government officials, from Capitol Hill to the White House — just in time for the November midterm elections and 2020 presidential buzz.

Timing: The bill is Warren's latest effort to curb what she sees as corrupt influence campaigns within the U.S. government. Last week, Warren unveiled a different plan — the Accountable Capitalism Act — aimed at ratcheting up corporate governance.

The details: The anti-corruption legislation would...

  • Impose a lifetime ban on presidents, lawmakers, cabinet secretaries and justices.
  • Require presidential candidates to disclose years of previous tax returns and continue doing so each year of their presidency.
  • Bar federal workers from lobbying their former employers for at least two years.
  • Prevent lobbyists from taking a government job for at least two years.
  • Put new taxes on "excessive lobbying" of more than $500,000 a year.
  • Ensure Supreme Court justices follow a code of conduct recognized by other federal judges.

The backdrop:

  • President Trump and his family's properties have largely profited from his presidency, a matter that several critics and ethics watchdogs have claimed presents a conflict of interest and puts him at odds with his promise to "Drain the Swamp."
  • Earlier this month, Rep. Christopher Collins (R-NY), one of the first members of Congress to support President Trump, was arrested on charges of insider trading relating to the sale of shares in an Australian company, of which Collins sat on the board. Several other members of Congress have also owned stock in the company.
  • A government watchdog filed a complaint this month alleging that Commerce Secretary Wilbur Ross may be illegally holding stock in companies affected by Trump administration directives.

Go deeper: Elizabeth Warren’s plan to save capitalism

Go deeper

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.

Pay TV's bleak post-pandemic outlook

Data: eMarketer; Chart: Axios Visuals

The pandemic has taken a huge toll on the Pay-TV industry, and with the near-term future of live sports in question, there are no signs of it getting better in 2021.

Why it matters: The fraught Pay-TV landscape is forcing some smaller, niche cable channels out of business altogether.