Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: United Auto Workers General Motors Training Center in Detroit, Michigan. Photo: Jeff Kowalsky/Contributor/ Getty Images

Factory workers at General Motors will receive big bonuses and keep their lucrative health benefits under a proposed four-year labor contract, but union bargainers were unable to rescue three U.S. factories slated for closure.

Why it matters: The deal ends the longest nationwide strike at GM in a half-century. But relations remain raw as the automaker and its workforce struggle to adjust to disruptive technology changes roiling the industry.

Details: The economic benefits for workers are among the best in years, a reward for their sacrifices during GM's 2009 bankruptcy.

  • Workers will receive 3% raises in the second and fourth years of their contracts and 4% lump sums in the first and third years.
  • They'll also receive $11,000 each when the contract is ratified ($4,500 for temporary workers) and no limit to the amount of year-end profit-sharing they could receive, which hit a record $10,750 last year.
  • Workers will retain their current health care benefits, with no additional out-of-pocket costs.
  • The deal shortens the pathway for lower-paid temporary workers to achieve full-time status.
  • There is no immediate estimate on how the package will affect GM's fixed labor costs.

Yes, but: Three of the four plants GM targeted for closing last November will indeed close for good, and there was no agreement to bring work back from Mexico, a major point of contention for the UAW.

  • Workers who have not already moved to other plants will be offered buyouts and early retirement deals.
  • GM is offering early retirement bonuses of up to $60,000 for 2,000 hourly workers and 60 skilled-trades workers who agree to leave.
  • The Lordstown, Ohio, assembly plant and two transmission plants in Maryland and Michigan will close.
  • The fourth plant, in Detroit, will be retooled to manufacture a future electric pickup truck.
  • Contract highlights (below) shared with UAW leaders at a meeting Thursday did not mention future investment in U.S. factories, but earlier reports said GM planned to invest $7.7 billion in the U.S., plus another $1.3 billion for a new battery facility in Ohio.

The impact: The plant closures are no doubt a disappointment for President Trump, who campaigned on a promise to bring manufacturing jobs back to the U.S.

Go deeper: Buckle up: GM, Michigan and 2020

Go deeper

Updated 2 hours ago - World

Trudeau's Liberals set to form minority government after Canada election win

Canadian Prime Minister Justin Trudeau. Photo: Jeff Vinnick/Getty Images

Canadian Prime Minister Justin Trudeau's Liberal government was reelected for a third term in Monday's parliamentary elections, but preliminary results show it failed to win a majority.

Why it matters: Trudeau has governed Canada with a minority of legislative support in parliament for the past two years. Last month, he called for an election two years earlier than scheduled in the hope of forming a majority government.

DOJ urges Supreme Court not to overturn Roe v Wade

Attorney General Merrick Garland during a Sept. 9 news conference at the Department of Justice in Washington, D.C. Photo: Samuel Corum/Bloomberg via Getty Images

The Department of Justice sought permission Monday to present oral arguments when the Supreme Court hears a case challenging Mississippi's strict abortion law, as it called on justices to uphold Roe v. Wade.

Why it matters: The two briefs, filed by acting solicitor general Brian Fletcher, mark the latest attempt by President Biden's DOJ to "protect the legal right to an abortion," per the New York Times, which first reported on the court filings.

4 hours ago - World

Reports: CIA director's team member reported Havana Syndrome symptoms

Central Intelligence Agency (CIA) director Bill Burns during a House Intelligence Committee hearing in April on Capitol Hill. Photo: Al Drago-Pool/Getty Images

A member of CIA director Bill Burns' team who traveled with him to India this month was treated for "symptoms consistent with Havana syndrome," CNN first reported Monday.

Why it matters: Current and former officials told the New York Times the incident signals a "possible escalation" in the mysterious neurological symptoms affecting as many as 200 Americans who've worked in overseas posts since 2016.