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Photo: Jonathan Torgovnik/Getty Images

The New York Times and Boston Globe editorial boards endorsed Joe Biden for president on Tuesday.

The big picture: The NYT editorial board, which previously endorsed Sens. Elizabeth Warren and Amy Klobuchar during the Democratic Primary, said Biden "is offering an anxious, exhausted nation something beyond policy or ideology," adding that his "campaign is rooted in steadiness, experience, compassion and decency."

  • The Globe, which endorsed Warren during the primary, said Biden is "a candidate who has the potential to restore not just common decency and civility to the Oval Office, but also a proper sense of the president’s role."

Worth noting: The announcements shouldn't come as a surprise, and New York and Massachusetts are not swing states in the presidential election.

Editor's note: This article has been updated with details of the Globe's endorsement and more context.

Go deeper

Obama: Capitol violence was "incited by a sitting president"

Photo: Joe Raedle/Getty Images

Former President Barack Obama said Wednesday the violence at the U.S. Capitol was a "moment of great dishonor and shame for our nation," but he added: "we'd be kidding ourselves if we treated it as a total surprise."

Details: Obama didn't hold back in who was to blame in his statement on the insurrection, noting history would "rightly remember" that it was "incited by a sitting president who has continued to baselessly lie about the outcome of a lawful election."

Updated 20 mins ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.

Fintech's record year

Illustration: Annelise Capossela/Axios

Massive venture rounds into fintech companies have ballooned this year, pushing up total dollars invested — in just the first three quarters of 2021 — to nearly double the amount in all of 2020, per new PitchBook data.

Why it matters: The maturing of fintech startups means a growing number of companies are able to raise huge later-stage funding rounds as investors look to lock-in their bets.