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Photo: Scott Eisen/Getty Images

Rep. Tim Ryan (D-Ohio) announced Monday that he's officially running for U.S. Senate in Ohio, becoming the first Democrat to join the race to succeed retiring Republican Sen. Rob Portman.

Why it matters: Ryan, a former 2020 presidential candidate, will bring strong name recognition and blue-collar roots to a high-profile race in Ohio, a state that has been trending Republican in recent years.

  • Former President Trump won Ohio by about eight points in 2016 and 2020, but the state is still represented by one Democratic senator — Sherrod Brown.
  • Four Republicans have joined the race thus far: former state Treasurer Josh Mandel, former Ohio Republican Party Chair Jane Timken, and businessmen Mike Gibbons and Bernie Moreno. Venture capitalist and author J.D. Vance has also told associates he plans to run.

Watch:

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper

Ben Geman, author of Generate
47 mins ago - Energy & Environment

A $1 billion plan to deploy clean power in developing nations

Illustration: Eniola Odetunde/Axios

Two foundations just unveiled a $1 billion initiative to help deliver clean energy to huge numbers of people worldwide who lack electricity access — and they hope it catalyzes vastly more outside capital.

Driving the news: The Rockefeller and Ikea foundations said the new program "aims to reduce 1 billion tons of greenhouse gas emissions and to empower 1 billion people with distributed renewable energy."

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Scoop: Sweetgreen files for IPO

Illustration: Sarah Grillo/Axios

Sweetgreen, one of the earliest "better for you" quick-serve restaurant chains, has filed confidentially for an IPO, Axios has learned from multiple sources.

Why it matters: The company has been a rumored IPO candidate for years, and now is coming out as a post-pandemic growth play.

Investors fear inflation, labor shortages in second half of 2021

Illustration: Sarah Grillo/Axios

Investors entered 2021 concerned about the transition to a new U.S. president, the form of new fiscal stimulus, the distribution of vaccines and the reopening of the economy. Now, top risks include supply chain bottlenecks, labor shortages, inflation and slower GDP growth.

Why it matters: Stocks have rallied almost unabated for over a year, leaving many to wonder if the market is overdue for a big selloff. Last week's declines amplify those concerns.