DNC Deputy Chair Rep. Keith Ellison talks to reporters. Photo: Chip Somodevilla/Getty Images

Rep. Keith Ellison (D-Minn.) will likely throw his name into the running for Minnesota attorney general on Tuesday — the filing deadline, sources tell MinnPost and Politico.

Why it matters: Ellison, who has been in Congress since 2007 and Deputy Chair of the Democratic National Committee since 2017, would need to ditch Congress if chosen as the state's next attorney general. However, as AG, Ellison would have the chance to become a focal point in the Democratic charge against the Trump administration, alongside other prominent attorneys general in the Trump era, like Washington’s Bob Ferguson and Pennsylvania’s Josh Shapiro.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.