Rick Dearborn, left, and former White House Chief of Staff Reince Priebus. Photo: Jabin Botsford/The Washington Post via Getty Images

Rick Dearborn has been made a partner at the the Cypress Group, a political advocacy firm based in Washington, D.C., the WSJ first reported and Axios confirmed.

Details: Dearborn announced his resignation from the Trump administration in December but did not officially leave the White House until last month. At Cypress, Dearborn will consult clients in the energy, technology, health care, finance and defense sectors, the firm’s founding partner, Pat Cave, told the WSJ.

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Stocks close down more than 3%

Photo: Alexi Rosenfeld via Getty Images

Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.

Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.

Zeta, now a Category 2 Hurricane, closes in on Louisiana coast

The probable path of Zeta, per the National Hurricane Center. Photo: NHC/NOAA

Zeta strengthened on Wednesday afternoon, on track to make landfall along the southeastern coast of Louisiana by the afternoon as a "significant" Category 2 hurricane, per the National Hurricane Center.

The state of play: Zeta is producing 100-mph maximum sustained winds and stronger gusts. The storm is gaining strength as it heads northeastward at 20 mph. Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Emergency Declaration in a letter to President Trump on Tuesday.

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