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.
Data: S&P Global Market Intelligence; Chart: Lazaro Gamio / Axios
Illustration: Aïda Amer/Axios
The oil sector is facing risks from all sides.
Why it matters: Risk in the industry is nothing new. But these are especially turbulent and uncertain times. The industry's market clout has waned, the future of demand is kind of a mystery, and future U.S. policy is too, just to name three.
White House chief of staff Mark Meadows dismissed FBI Director Chris Wray's testimony that the U.S. has never historically seen evidence of widespread voter fraud, including by mail, during an appearance on "CBS This Morning" on Friday.
Why it matters: Meadows' statement highlights the Trump administration's strategy to sow doubt in November's election results by challenging the legitimacy of mail-in ballots, which are expected to skew heavily in Democrats' favor.
Illustration: Sarah Grillo/Axios
A program supporting Americans who are typically ineligible for unemployment benefits will expire at the end of the year, with millions still relying on it as the labor market sputters.
Why it matters: The result could be catastrophic for the economic recovery that Wall Street fears is already fragile.
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