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U.S. stocks took a beating on on Monday: The Dow Jones Industrial Average closed 507 points lower, while the S&P 500 and the Nasdaq both dropped more than 2%.
Why it matters: The Dow and S&P, both down nearly 7% this month, are on pace for their worst December performance since the Great Depression, per CNBC.
House Speaker Nancy Pelosi told CNN on Monday she does not have confidence in White House coronavirus task force coordinator Deborah Birx because "she has enabled" President Trump to spread coronavirus misinformation.
What she's saying: "I don't have confidence in anyone who stands there while the president says, 'Swallow Lysol and it's going to cure your virus,'" Pelosi told host Jim Scuitto.
Google on Monday launched its long-expected Pixel 4a, a $349 device that brings key features of the company's flagship smartphone to a more affordable price point.
Why it matters: Google saw surprisingly strong demand for last year's "a" model and having a broader range of products allows the company to reach more parts of the market.
Illustration: Aïda Amer/Axios
While its Big Tech rivals were testifying in front of a congressional antitrust committee last week, Microsoft was negotiating what could be the largest — and most politically perilous — tech acquisition of 2020.
The state of play: The hullabaloo surrounding Microsoft picking up TikTok has undergone a flurry of twists and turns over the weekend, as both the White House and the tech giant reacted in real time.