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Sen. Gary Peters campaigns at a drive-in rally with Joe Biden and former President Barack Obama on Oct. 31. Photo: Drew Angerer/Getty Images

Democrat Sen. Gary Peters has won re-election in Michigan against Republican businessman and veteran John James, AP projects.

Why it matters: It's a crucial win for Democrats, who have seen their chances of flipping the Senate fade away after failing to defeat vulnerable Republicans in Maine, Iowa, Montana and other states.

  • The Senate Leadership Fund, a super PAC associated with Senate Majority Leader Mitch McConnell, threw $4.6 million behind James' campaign over Halloween.
  • The Senate race was one of the most expensive in Michigan history, local outlet MLive reports.

The big picture: Joe Biden is also projected to defeat President Trump in Michigan, a key pickup that substantially narrows Trump's path to 270 electoral votes.

Data: AP; Chart: Naema Ahmed, Andrew Witherspoon, Danielle Alberti/Axios

Go deeper: Follow along with Axios' live election coverage

Go deeper

Scoop: Schumer's regrets

Photo illustration: Eniola Odetunde/Axios. Photo: Mark Wilson/Getty Images   

Chuck Schumer told party donors during recent calls that the death of Ruth Bader Ginsburg and the fact that Cal Cunningham "couldn't keep his zipper up" crushed Democrats' chances of regaining the Senate, sources with direct knowledge of the conversations tell Axios.

Why it matters: Democrats are hoping for a 50-50 split by winning two upcoming special elections in Georgia. But their best chance for an outright Senate majority ended when Cunningham lost in North Carolina and Sen. Susan Collins won in Maine.

1 hour ago - Sports

The end of COVID’s grip on sports may be in sight

Illustration: Aïda Amer/Axios

Packed stadiums and a more normal fan experience could return by late 2021, NIAID director Anthony Fauci said yesterday.

Why it matters: If Fauci's prediction comes true, it could save countless programs from going extinct next year.

Trump's 2024 begins

Trump speaking to reporters in the White House on Thanksgiving. Photo: Erin Schaff - Pool/Getty Images

President Trump is likely to announce he'll run again in 2024, perhaps before this term even ends, sources tell Axios.

Why it matters: Trump has already set in motion two important strategies to stay relevant and freeze out other Republican rivals.