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Former Transportation secretary Anthony Foxx (on right) briefs reporters in May 2014. Photo: Chip Somodevilla/Getty Images

Anthony Foxx, who served as secretary of the Transportation Department in the Obama administration from 2013 to 2017, has joined venture capital firm Autotech Ventures' advisory board, the company announced Tuesday.

Why it matters: The firm's portfolio companies will surely benefit from access to Foxx's expertise in transportation policy, especially for those working on highly-regulated technologies like autonomous driving.

  • Autotech Ventures raised $120 million for its inaugural fund last year.
  • Its portfolio includes ride-hailing company Lyft, parking app SpotHero, used car marketplace Frontier Car Group, and autonomous driving tech company DeepScale.

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Updated 33 mins ago - Politics & Policy

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Illustration: Aïda Amer/Axios

  1. State of play: New coronavirus cases down, but more bad news ahead.
  2. Politics: Biden set to immediately ramp up federal pandemic response with 10 executive actions — Scoop: Joe Biden's COVID-19 bubble.
  3. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
  4. Vaccine: Amazon offers to help Biden administration with COVID vaccine efforts.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
3 hours ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.