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Stock markets had a good end to the week, with the Dow Jones finishing the day up 186 points. Financial stocks led the way — Morgan Stanley up 5.5% and Visa 4.59%.
Why it matters: Investors believe that the financial services industry has much to gain from Trump-administration deregulatory proposals like the nixing of the fiduciary rule, which requires retirement advisors to act in their client's best interest, and broad talk about scaling back Dodd-Frank.
Illustration: Sarah Grillo/Axios
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A Senate hearing Wednesday with Big Tech CEOs became the backdrop for Democrats and Republicans to swap accusations of inappropriate electioneering.
Why it matters: Once staid tech policy debates are quickly becoming a major focal point of American culture and political wars, as both parties fret about the impact of massive social networks being the new public square.
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German Chancellor Angela Merkel will enact one of Europe's strictest coronavirus lockdowns since spring, closing bars and restaurants nationwide for most of November, Reuters reports.
Why it matters: Germany is the latest European country to reimpose some form of lockdown measures amid a surge in cases across the continent.