Venture capitalist Peter Thiel is in charge of the search for officials to be the nation's new competition regulators, according to BuzzFeed News' Will Alden and Hamza Shaban. They cited an earlier report from Global Competition Report in addition to their own sources. They echo two names that have emerged as consensus contenders to chair the FTC:

  • Joshua Wright, a former commissioner who has been involved with Trump's transition and is close to Google. BuzzFeed News reports that his selection is "unlikely."
  • Utah Attorney General Sean Reyes, who previously said the FTC should consider reopening a probe into the search giant.

The key question: Will the new permanent FTC chair and the top antitrust official at the Justice Department agree with President Trump, who has called for aggressive antitrust enforcement in some cases?

And then there's this: Thiel actually doesn't have a big problem with a company dominating the competition. "All happy companies are different: Each one earns a monopoly by solving a unique problem," he wrote in 2014. "All failed companies are the same: They failed to escape competition."

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Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.