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Note: Fiscal years shown above; 2006 was the 1st year Kmart-Sears merger was reflected in annual revenue; Data: FactSet; Chart: Chris Canipe/Axios

Sears chairman Eddie Lampert has upped his bid for some of the failed company's stores to $5 billion, hoping to shield it from liquidation, Reuters reports.

The state of play: The offer is 13% higher than Lampert's previous bid, which was rejected earlier this week.

Our thought bubble: Look at this brief timeline of Sears in the 21st century...

  • Lampert's hedge fund, ESL Investments, bought bankrupt Kmart in 2003 to merge with Sears.
  • After the Kmart-Sears Roebuck merger, Lampert was named chairman of the combined company, and then named CEO in 2013.
  • Lampert sold hundreds of stores to a spin-off company in which he was an investor, took in millions of dollars worth of loans from himself and ESL, and shed marquee brands to raise cash — all while being accused of ripping Sears apart for his own personal gain.
  • The company filed for bankruptcy in October.

Go deeper: The cannibal of Sears

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There's little consensus on TikTok's specific national security threat

Illustration: Aïda Amer/Axios

TikTok has become a Rorschach test for how U.S. politicians view China, with little consensus on the specifics of its threat to homeland security.

The big picture: Much of what D.C. fears about TikTok is fear itself, and that's reflected in President Trump's executive order to ban the app by Sept. 20 if it's not sold by parent company ByteDance — alongside another focused on Chinese messaging app WeChat and its parent company Tencent.

U.S. sanctions Hong Kong leader Carrie Lam

Photo: Anthony Kwan/Getty Images)

The Treasury Department on Friday placed sanctions on Hong Kong leader Carrie Lam, following months of tension as she has allowed continued overreach by Beijing to subvert Hong Kong's autonomy.

Why it matters: It's the toughest sanction yet imposed on China for its destruction of Hong Kong’s relatively free political system.

GM's high-stakes electric move

The Cadillac Lyriq. Image courtesy of Cadillac

Cadillac on Thursday unveiled the Lyriq, the luxury brand's first all-electric model and GM's first consumer electric vehicle unveil since the Chevy Bolt several years ago.

Why it matters: It's the first reveal by GM of an electric vehicle that will use the company's new modular platform and Ultium battery system — technologies meant to underpin the 20 electric vehicles that GM plans to launch by 2023.