Thomas Farley at the World Economic Forum in Davos. Photo by: David A. Grogan via Getty Images.

Thomas Farley this morning stepped down as president of the New York Stock Exchange after a four-year run.

What's next: Farley will serve as CEO of Far Point Acquisition Corp., a blank check acquisition company that filed to raise $400 million to buy one or more financial technology companies.

Farley, who declined comment due to "quiet period" restrictions, is being joined on Far Point by chief financial officer David Bonanno (an exec with Dan Loeb's hedge fund, Third Point) and directors Gen. Stanley McChrystal, Nicole Seligman (ex-Sony Entertainment president) and Laurence Tosi (ex-CFO of Airbnb and The Blackstone Group).

  • He'll be succeeded at NYSE by Stacey Cunningham, who had been the group's COO and will become its first-ever female leader.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

Photo: Ron Jenkins/Getty Images

The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.