Then President-elect Donald Trump giving his acceptance speech during his election night rally, Wednesday, Nov. 9, 2016, in New York. Photo: John Locher / AP

A study out overnight from Harvard Business School and its U.S. Competitiveness Project, titled, "Why Competition in the Politics Industry Is Failing America," concludes that

  • "Our political problems are ... a failure of the nature of the political competition that has been created. This is a systems problem."
  • Trump didn't change this: Under Trump, "neither the structure of the politics industry nor its incentives have fundamentally changed."
  • Why it matters: "Politics in America is not a hopeless problem, though it is easy to feel this way ... It is up to us as citizens to recapture our democracy — it will not be self-correcting."

Be smart: Each side's unresolved splits — Bernie v. Hillary, and Trump v. GOP — signal the possibility that the two uber-parties could splinter further, with dozens of Democrats seeking the 2020 nomination, and populist Republicans empowered while the establishment tries to reassert dominance.

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Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

2 hours ago - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.