The Chicago Defender, a legacy African-American newspaper that "had a national role in the civil rights movement," will end its print publication and switch to a digital-only format next Wednesday, the Chicago Tribune reports.

The big picture, via Axios' Marisa Fernandez: Many local papers have already folded after failing to transition print customers into paying digital subscribers. By 2021, half of surviving U.S. newspapers will be gone, Harvard's Nicco Mele told the WSJ in May. But, 2018 Pew Research shows that digital newspaper ads are on the rise.

Details: Hiram Jackson, the CEO of Defender's parent company, told the Tribune that the Defender "plans to erect a digital paywall to get online subscriptions to monetize the website."

Go deeper: Rural areas are hardest hit by the death of American newspapers

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Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.

Axios-Ipsos poll: There is no new normal

Data: Axios/Ipsos poll; Chart: Andrew Witherspoon/Axios

The longer the coronavirus pandemic lasts, the farther we're moving apart, according to our analysis of nearly four months of data from the Axios-Ipsos Coronavirus Index.

Why it matters: Ever since life in the U.S. as we knew it came to a screeching halt, we've been trying to get our heads around what a "new normal" will look like. But so far, the politicization of the virus — and our socioeconomic differences — are working against any notion of national unity in impact or response.