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Former President Barack Obama's memoir "A Promised Land" goes on sale ahead of the holiday season at Barnes & Noble Union Square on Tuesday in New York City. Photo: Jamie McCarthy/Getty Images

Former President Barack Obama's memoir "A Promised Land" sold more than 887,000 copies, including preorders, across all formats in the U.S. and Canada on its Tuesday release date, publisher Penguin Random House announced Wednesday.

Why it matters: The memoir has sold more copies on its first day of sale than any other book published by Penguin Random House. It looks set to be the best-selling presidential memoir in modern history.

Flashback: Michelle Obama's memoir sold more than 725,000 copies on its first day

Go deeper

Obama's "A Promised Land" to become best selling presidential memoir

Photo: Charles Guerin/Abaca Press via Reuters

President Obama's "A Promised Land" (list price: $45) sold nearly 890,000 copies in the U.S. and Canada in its first 24 hours, putting it on track to be the best selling presidential memoir in modern history, AP's Hillel Italie writes.

Why it matters: Obama's book is the highlight of publishing's holiday season, and for some independent bookstores, the potential difference between remaining in business or closing.

Updated 3 hours ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: Key information about the effective COVID-19 vaccines — Oxford and AstraZeneca's vaccine won't just go to rich countries.
  2. Health: U.S. coronavirus hospitalizations keep breaking recordsWhy we're numb to 250,000 deaths.
  3. World: England to impose stricter regional systemU.S. hotspots far outpacing Europe's — Portugal to ban domestic travel for national holidays.
  4. Economy: The biggest pandemic labor market drags.
  5. Sports: Coronavirus precautions leave college basketball schedule in flux.