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 the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of 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!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of 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!

Want a daily digest of the top Charlotte news?

Get a daily digest of 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!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

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!

Cover, photo: Metropolitan Books

A week from today, Sen. Elizabeth Warren will be out with a book, "Persist," that recounts her exit from the 2020 presidential campaign and looks ahead to "this pivotal moment in history":

For Trump’s entire tenure, crisis piled on crisis piled on crisis. Now we have a once-in-a-generation chance to build something new, to shake off who we were and decide who we want to become.
As a candidate, Joe Biden may not have looked like a progressive firebrand, but he and Kamala Harris ran a campaign promising the most aggressive economic, social, and racial changes in U.S. history. They won by more than seven million votes, receiving more votes than any presidential ticket in the history of the republic — and they accomplished this feat while running against an incumbent president. Measure their victory however you like, but there’s no question that it was a mandate for change.

"In 2012, I was new to politics. In 2020, I was new to losing," Warren writes, describing what it was like to drop out of the race on March 5:

I felt a little numb, not just because I'd lost but because for fourteen months almost every second of every day had been devoted to my campaign. Speeches. Team meetings. Airplanes. Town halls. Television interviews. Reading policy memos. Calling $3 donors. Writing plans. There was always something to do. Always. And then — click — it was over. The curtain came down and my world instantly became quieter. ...
I noticed a message on the sidewalk in front of our house [in Cambridge]. In bright pink chalk, someone had written, “Thank you!” ...
[L]ater that morning someone left a box of chalk outside, and more messages appeared on the sidewalk throughout the day. "Dream Big Fight Hard." "Pinkie Promises Are Forever." "Our Queer Family Loves You." Children drew flowers and suns and ponies and rainbows. ... The next morning, I opened our kitchen door, which leads to a small porch on the side of our house. Out on the sidewalk next to the driveway was the biggest message yet. In two-foot-high letters, each letter heavily chalked in, was a single word: PERSIST.

Another passage goes inside the famous plans from her campaign — over 14 months, "eighty-one glorious, juicy, interesting, hard, important, imperfect plans":

We had fun putting out T-shirts and coffee mugs that touted the plans, but the real power in these plans was that they showed exactly how we could dismantle an economic and political system that was working great for those at the top but leaving everyone else behind. ...
In August 2019, we held a town hall in St. Paul, Minnesota, that drew about twelve thousand people. The selfie line was hours long, but one of the best moments came when a young man shook my hand and said that he wanted to thank me for all the plans — not any plan specifically, but all the plans together. He explained that for the second time he was running for a local office. When he’d run a few years earlier, he was told, "No one gives their plans. Just say generally what you like and what you hate, then talk about the Vikings." This time he said he was talking about plans. And whenever he got criticized, he would say, "If Elizabeth Warren can do it, so can I."

On election night 2020, with Biden headed to victory and Senate control uncertain, Warren writes: "I couldn’t sleep. Change was coming — and I was making a plan."

  • The senator gives a glimpse of the future, writing that her signature plans are "now on the shelf for future campaigns and future policy makers. Plans that gave us a vital framework within which to dream big and fight hard. I lost, but I’m still smiling."

📚 Read a 2,400-word excerpt. ... Get the book.

Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.

Go deeper

Dan Primack, author of Pro Rata
5 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

COP26 head warns Glasgow summit will be "harder than Paris"

Alok Sharma, U.K. COP26 president, in Milan on Sept. 30, 2021. Photo: Stefano Guidi/Getty Images

U.K. COP26 President Alok Sharma told reporters Tuesday that the upcoming talks in Glasgow, widely viewed as the last chance to avoid some of the worst consequences of global warming, will be extremely difficult.

Driving the news: Sharma sought to temper expectations and note that the agenda features some of the toughest items that negotiators have punted on at previous summits.

5 hours ago - World

Scoop: Blinken protests Israel settlements approval in "tense" phone call

Benny Gantz (L) and Tony Blinken. Photo: Jacquelyn Martin/Pool/AFP via Getty

Secretary of State Tony Blinken protested the decision to approve 3,000 new housing units in Israeli settlements in the occupied West Bank during a tense phone call on Tuesday with Israeli Defense Minister Benny Gantz, three Israeli officials tell me.

Why it matters: This is the first time new construction in the settlements has been approved since President Biden assumed office, and the Biden administration had been privately pressing the Israeli government not to proceed.