GM CEO Mary Barra. Michael Probst/AP

General Motors and PSA Group—maker of Peugeot and Citroen vehicles—will hold a news conference on Monday announcing the sale of GM's European unit, Opel, according to multiple reports. The sale would give PSA group 16% of the European market, making it the second largest European car maker after Volkswagen, but also saddle it with an operation that has been losing GM money for years.

Why it matters: The move confirms GM CEO Mary Barra's strategy of placing profits above sales volume, and will likely knock GM out of the ranks of the world's top three automakers. When GM announced it was considering the sale last month, its stock rose 6%, while Barron's suggests that the move could increase the stock price by as much as 35%.

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Mike Allen, author of AM
12 mins ago - Politics & Policy

Trump-Biden venom on display during final debate

Photos: Brendan Smialowski/AFP via Getty Images; Jim Watson/AFP via Getty Images

Joe Biden twice referred to President Trump as "this guy," and Trump called the former vice president's family "like a vacuum cleaner" for foreign money.

Why it matters: The personal venom — during Thursday's final presidential debate, in Nashville — was a reminder that even during a more normal debate, nothing this year is normal.

Dave Lawler, author of World
2 hours ago - World

Special report: Trump's hopes of nuclear deal with Putin come down to the wire

Illustration: Lazaro Gamio/Axios

A surprise offer from Vladimir Putin has the U.S. and Russia once again circling a potential pre-election nuclear deal.

The big picture: The last treaty constraining the U.S. and Russia, New START, is due to expire on Feb. 5, 2021, two weeks after the next U.S. presidential inauguration. For the first time since the height of the Cold War, the nuclear guardrails could come off.

The cliffhanger could be ... Georgia

Illustration: Sarah Grillo/Axios

It hasn't backed a Democrat for president since 1992, but Georgia's changing demographics may prove pivotal this year — not only to Trump v. Biden, but also to whether Democrats take control of the Senate.

Why it matters: If the fate of the Senate did hinge on Georgia, it might be January before we know the outcome. Meanwhile, voters' understanding of this power in the final days of the election could juice turnout enough to impact presidential results.