Photo: Jonathan Nackstrand/AFP via Getty Images

Sweden's Social Democrats, who led the previous government with a center-left coalition, had their worst election performance since World War I, but are neck-and-neck with a center-right coalition led by the Moderate Party.

What to watch: The far-right Sweden Democrats, who came in third, will likely be cut out of any forthcoming coalition, but will still hold enough seats to sway decisive votes in parliament.

  • Notable, from populism expert Cas Mudde: "Voter streams of #SwedenDemocrats show that they held on to almost all its 2014 voters and won almost exclusively, and equally, from [the Social Democrats] and [Moderates]."

Summing it up, via Politico's Brussels Playbook: "In other words, there’s no winner. The coming weeks will be a Choose Your Own Adventure route to minority government. IKEA doesn’t provide a manual for that sort of construction."

The big picture: The buzzword among analysts today has been "fragmentation," the fact that — across Europe — the biggest political parties are getting smaller and smaller political parties are getting bigger as more targeted options are presented to voters.

  • Worth reading: This Twitter thread from academic Sarah de Lange details the phenomenon and provides greater context.

Go deeper

Joe Biden introduces Kamala Harris in first joint appearance

Joe Biden formally introduced Sen. Kamala Harris as his running mate on Wednesday, telling a socially-distanced gymnasium in Wilmington, Del.: "I have no doubt that I picked the right person to join me as the next vice president of the United States of America."

Why it matters: Harris is a historic pick for vice president, becoming the first Black woman and first South Asian woman to be named to a major-party U.S. presidential ticket. "Kamala knows how to govern," Biden said. "She knows how to make the hard calls. She is ready to do this job on day one."

Updated 54 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 20,439,274 — Total deaths: 744,941— Total recoveries: 12,632,604Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,180,226 — Total deaths: 165,510 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Politics: Pelosi says Mnuchin called her, White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopenGallup: America's confidence in public school system jumps to highest level since 2004.
Updated 2 hours ago - Politics & Policy

Pelosi says Mnuchin told her White House is "not budging" on stimulus position

Democrats and the Trump administration remain "miles apart" on negotiations over a coronavirus stimulus deal, House Speaker Nancy Pelosi (D-Calif.) said on Wednesday.

The latest: Around 3 p.m., Pelosi and Senate Minority Leader Chuck Schumer (D-N.Y.) issued a statement saying that Treasury Secretary Steven Mnuchin had initiated a phone call and made clear that the White House is "not budging from their position concerning the size and scope of a legislative package."