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Jeff Chiu / AP

Sprint and T-Mobile are nailing down the final details of a merger likely to be announced at the end of October, Bloomberg reports citing sources familiar with the matter. Both sides are conducting last-phase due diligence on Sprint's valuation and figuring out questions like headquarters location and executive management teams, per Bloomberg.

Why it matters: Rumors of this deal have been swirling for months. Now that Trump's antitrust chief Makan Delrahim has finally been confirmed, it makes sense for the companies to move the announcement along in short order. While antitrust regulators are expected to be more open to horizontal mergers than during the previous administration, the deal's impact on wireless competition will get close scrutiny by both the Justice Department and Federal Communications Commission.

Go deeper

Caitlin Owens, author of Vitals
43 mins ago - Health

What overwhelmed hospitals look like

A healthcare professional suits up to enter a COVID-19 patient's room in the ICU at Van Wert County Hospital in Ohio. Photo: Megan Jelinger/AFP

Utah doctors are doing what they say is the equivalent of rationing care. Intensive care beds in Minnesota are nearly full. And the country overall continues to break hospitalization records — all as millions of Americans travel to spend Thanksgiving with friends and family.

Why it matters: America's health care workers are exhausted, and the sickest coronavirus patients aren't receiving the kind of care that could make the difference between living and dying.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Southwest CEO: "You should fly"

The official guidance of the CDC says that "postponing travel and staying home is the best way to protect yourself and others this year."

  • Southwest Airlines CEO Gary Kelly, however, took the opposing position when he was interviewed by "Axios on HBO." "You should fly," he told me, adding that "we need to have as much commerce and business and movement as is safe to do."

Cárdenas: Democrats need to be more "culturally competent" to win

Photo: Paul Morigi via Getty Images

Rep. Tony Cárdenas (D-Calif.), who's running for chair of the Democratic Congressional Campaign Committee, told "Axios on HBO" that the DCCC needs to change "overnight" and his colleagues need to be more "culturally competent" if they want to be successful in the next election.

Why it matters: House Democrats are confronting what went wrong and what their party needs to change after they failed to expand their House majority and President Trump expanded his support among Latino voters.