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Foreign mega-mergers hit 10-year high

Dan Primack, author of Pro Rata

The number of mergers and acquisitions involving non-U.S. targets so far in 2017 is at its highest year-to-date point than at any other time in the past decade, according to S&P Global Market intelligence. Moreover, the ratio of such deals to mega-deals with U.S. targets is at its highest year-to-date point since 2012.

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Data: S&P Global Market Intelligence; Chart: Lazaro Gamio / Axios

Go deeper

Margaret Talev, Mike Allen
2 mins ago - Politics & Policy

Biden embarks on a consequential presidency

Photo illustration: Sarah Grillo/Axios. Photo: Joe Raedle/Getty Images

Donald Trump tried everything to delegitimize the rival who vanquished him. In reality, he's set Joe Biden on course to be a far more consequential U.S. president than he might otherwise have become.

The big picture: President Biden now confronts not just a pandemic, but massive political divisions and an assault on truth — and the aftermath of the assault on the Capitol two weeks ago that threatened democracy itself.

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Axios
Updated 5 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Representatives from all branches of the military escort the 46th president to the White House.

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Hans Nichols, Fadel Allassan
Updated 2 hours ago - Politics & Policy

Inaugural address: Biden vows to be "a president for all Americans"

Moments after taking the oath of office, President Biden sought to soothe a nation riven by political divisions and a global pandemic, while warning that "we have far to go" to heal the country and defeat a "virus that silently stalks the the country."

Why it matters: From the same steps that a pro-Trump mob launched an assault on Congress two weeks earlier, the new president paid deference to the endurance of American political institutions.

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