Monday’s top stories

Dan Primack
Dan Primack, author of Pro Rata
Nov 22, 2021 - Technology

Ex-Theranos CEO Elizabeth Holmes testifies in her own defense

Photo illustration: Aïda Amer. Photo: Taylor Hill/FilmMagic via Getty Images.

Elizabeth Holmes today continued testifying in her criminal fraud trial, after unexpectedly taking the stand in her own defense on Friday.

The latest: The former Theranos CEO sought to undermine prosecutor claims that she lied to prospective investors about the blood testing company's work with drug makers.

Nov 22, 2021 - Politics & Policy

Biden's Fed pick puts progressives on notice

Powell and Biden. Photo: Alex Wong/Getty Images

President Biden's nomination of Jerome Powell for a second term as chairman of the Federal Reserve shows Biden's willingness to stare down progressives to get his cherished Build Back Better legislation through the Senate and into law.

Why it matters: Inflation is threatening Biden’s $2 trillion social spending and climate package, and Biden wants to save his political capital with moderates for that fight.

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Biden got some much-needed good news this week.
Nov 22, 2021 - Axios on HBO

"Axios on HBO": Swan challenges Tlaib on emptying federal prisons

On "Axios on HBO," Jonathan Swan challenged Rep. Rashida Tlaib (D-Mich.) on the sweep of a plan for closing federal prisons that she has endorsed, and is supported by some criminal-justice activists.

  • "[E]veryone's like, 'Oh my God, we're going to just release everybody.' That's not — ," Tlaib said.
  • Swan interjected that the BREATHE Act "actually says: Release everyone" from federal prisons over 10 years.
Nov 22, 2021 - Axios Atlanta

Rep. Lucy McBath switches district after new GOP map

Photo: Greg Nash for The Hill/Bloomberg via Getty Images

After Georgia Republicans passed a new congressional map today that flips her Democratic suburban district into a Republican one, Rep. Lucy McBath announced she’ll switch to campaign in a neighboring district represented by fellow Georgia Democrat Rep. Carolyn Bourdeuax.

Why it matters: McBath flipped Georgia’s 6th District, a longtime Republican stronghold in 2018. Bourdeaux flipped Georgia’s 7th District in 2020. Both districts were seen as prime examples of metro Atlanta’s dramatically changing electorate.

Darrell Brooks identified as Waukesha parade crash suspect

Police and emergency personnel work at the scene of the crash on Nov. 21, in Waukesha, Wis. Photo: Jim Vondruska/Getty Images

Law enforcement officials have identified Darrell Brooks, 39, as the alleged driver of an SUV that plowed into a crowd gathered at a Christmas parade in Waukesha, Wisconsin, Sunday evening.

The big picture: Waukesha Police Chief Daniel Thompson said Monday that the driver killed five people and injured at least 48 others, adding that officials "are confident he acted alone" and there was no evidence of terrorism.

"Overwhelming evidence" Cuomo engaged in misconduct

Gov. Andrew Cuomo. Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

A New York state Assembly investigation released Monday found that former Gov. Andrew Cuomo "engaged in multiple instances of sexual harassment," substantiating allegations made in a report by the state attorney general earlier this year.

Driving the news: Assembly Speaker Carl Heastie commissioned the report in March to determine if there was evidence to support a potential impeachment of Cuomo.

More than 90% of federal workers got COVID shot before deadline

A health care worker preparing a dose of coronavirus vaccine in Oklahoma City, Okla., on Nov. 17. Photo: Nick Oxford/Bloomberg via Getty Images

More than 90% of the 3.5 million federal workers received at least one dose of a coronavirus vaccine by Monday, the deadline set by President Biden in September, a senior administration official told Axios.

Why it matters: The official said the administration hopes that private businesses can use the federal government's worker vaccine mandate as an example to implement their own requirements for workers.

Mogul feud: Musk v Dimon

Photo: Patrick Pleul/picture alliance via Getty Images and Al Drago/Bloomberg via Getty Images

The longstanding feud between Tesla CEO Elon Musk and JPMorgan Chase chairman and CEO Jamie Dimon has bubbled up over a breach of contract lawsuit, the Wall Street Journal reported Monday.

What they're saying: “If JPM doesn’t withdraw their lawsuit, I will give them a one star review on Yelp,” Musk told the Journal. “This is my final warning!”

Biden taps Jerome Powell for another term at the Fed

Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

President Biden said today he will renominate Federal Reserve chairman Jerome Powell for another term — as market-watchers widely anticipated.

Why it matters: The decision caps a long stretch of uncertainty about who would steer the nation's most influential economic body. The Fed is front and center as the country faces prices rising at the fastest pace in decades.

Kendall Baker, author of Sports
Nov 22, 2021 - Sports

China's Peng Shuai scandal is far from over

Peng Shuai on a video call with IOC president Thomas Bach. Photo: Greg Martin/AFP via Getty Images

Peng Shuai, the Chinese tennis star who disappeared after accusing a former top government official of sexual assault, reemerged this weekend — but this story is far from over.

Driving the news: Peng held a 30-minute video call on Sunday with IOC president Thomas Bach. According to the IOC, she is safe and well at her Beijing home and asked for privacy at this time.

Nov 22, 2021 - Economy & Business

Turkey crunch: Plenty of birds, shortage of sides

Illustration: Sarah Grillo/Axios

This year's Thanksgiving won't be immune to the supply chain issues and labor shortages that have been roiling the nation, but the turkey supply is strong.

The big picture: You might be dealing with a pricier Thanksgiving dinner due to inflation, and you might have to find alternatives for some of your favorite side dishes. But don't fret about the main dish.

Updated Nov 22, 2021 - Politics & Policy

Multiple fatalities after SUV plows into Christmas parade in Wisconsin

Debris litters the street at a crime scene on November 21, 2021 in Waukesha, Wis. Photo: Jim Vondruska/Getty Images

A person of interest is in custody after an SUV plowed through a Christmas parade in Waukesha, Wisconsin, Sunday, killing five people and wounding more than 40 others, police said.

The latest: The Waukesha Police Department said in a statement early Monday that casualty numbers may change, noting that "many people have self-transported to area hospitals" following the incident in the city that's just west of Milwaukee.