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A satellite image of Subtropical Storm Theta. Photo: National Hurricane Center/Twitter

Subtropical Storm Theta formed in the Northeast Atlantic Monday night, becoming the 29th named storm of the 2020 hurricane season, the National Hurricane Center confirmed.

Why it matters: The formation of Theta, which was some 995 miles southwest of the Azores overnight, breaks the record for the most named storms in a season — set in 2005. The World Meteorological Organization sets 21 alphabetical names for every season (excluding Q,U, X, Y and Z). This is the second time ever it's used all and had to turn to the Greek alphabet.

Editor's note: This article has been updated with further context on the hurricane season.

Go deeper

Kendall Baker, author of Sports
Dec 22, 2020 - Sports

NBA steps out of the bubble and into the world

Illustration: Eniola Odetunde/Axios

The Disney World bubble kept the NBA safe from COVID-19 this summer. Now comes an even greater challenge: staging a 72-game season in the real world.

Why it matters: In the bubble, the NBA made and enforced the rules, set up a complex testing program and operated three arenas. In the real world, teams will be responsible for doing everything themselves.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."