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Lamar Alexander (R-Tenn.), who has served in the Senate since 2003, announced Monday that he will not be running for re-election in 2020.

Why it matters: The Tennessee Republican chairs the Senate HELP committee and is considered one of the few members capable of striking deals on health care. This also leaves his Senate seat up for grabs in two years.

Background: Alexander had a tough primary in 2014, per the Washington Post.

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XFL sold to group that includes Dwayne "The Rock" Johnson for $15 million

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The XFL sold Monday for $15 million to a group that includes former WWE star Dwayne "The Rock" Johnson, Sportico reports.

The state of play: The move does not necessarily mean the upstart football league is returning.

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Pac-12 football players threaten coronavirus opt-out

Illustration: Eniola Odetunde/Axios

A group of Pac-12 football players have threatened to opt out of the season unless the conference addresses systemic inequities and concerns related to the coronavirus pandemic.

Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

Betting on inflation is paying off big for investors

Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.