Expand chart
Data: FactSet; Chart: Axios Visuals

Shares of NiSource fell nearly 10% following multiple gas explosions in several towns in Massachusetts. The company's subsidiary, Columbia Gas of Massachusetts, owns the gas pipeline investigators suspect led to the destruction of homes, injuries and at least one death.

Between the lines: The worry for investors is NiSource could face investigations and lawsuits (which, if history is any guide, will certainly be the case), and the company will suffer hefty fines or penalties.

A spokesman for NiSource did not respond to a request for comment about the stock price, but said the company is investigating the incident. Barring any candid interviews, we won't hear from the CEO until November—when the company holds a quarterly call with investors.

What analysts are saying:

  • Wells Fargo: "We expect shares to come under nearterm pressure and for the explosions to serve as an overhang on shares for some time."
  • J.P.Morgan: " Given the widely varying penalty precedents for gas utility accidents around the US, it is impossible at this time to rule out any magnitude of fine on the company and potential overhang on the stock that may bring."
  • KeyBanc: " We believe [NiSource's] downside is likely buffered by insurance coverage."

Go deeper: Gas explosions ravage dozens of Massachusetts homes

Go deeper

When and how to vote in all 50 states

Data: RepresentUS; Note: Montana has told counties they can opt into universal vote-by-mail; Map: Naema Ahmed/Axios

Millions of Americans who normally vote in person on election day will turn to early voting or mail-in ballots this fall — but that only works if you understand your state's election rules, deadlines and how to ensure your vote is counted.

Driving the news: Axios is launching an interactive resource, built on research by RepresentUs, a nonpartisan election reform group, to help voters across the country to get the information they need.

The pandemic real estate market

Illustration: Annelise Capossela/Axios

It's not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races and incomes are moving away from urban centers.

Why it matters: Bidding wars, frantic plays for a big suburban house with a pool, buying a property sight unseen — they're all part of Americans' calculus that our lives and lifestyles have been permanently changed by coronavirus and that we'll need more space (indoors and out) for the long term.

45 mins ago - Health

Coronavirus cases are falling, but don't get too comfortable

Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Danielle Alberti, Sara Wise/Axios

America's coronavirus outbreak is slowing down after a summer of explosive growth.

By the numbers: The U.S. is averaging roughly 52,000 new cases per day — still a lot of cases, but about 10.5% fewer than it was averaging last week.