President Trump and Japanese Prime Minister Abe. Photo: Kiyoshi Ota / Pool / Anadolu Agency / Getty Images

Congress was notified on Tuesday that the Trump administration approved an SM-3 anti-ballistic missile sale with Japan that, per a State Department Official, is estimated to cost $133.3 million.

Why it matters: North Korea has flown ballistic missiles over Japan. In September, Japan's chief cabinet secretary Yoshihide Sug said Japan will "never tolerate this repeated extreme provocative action," according to Al Jazeera.

  • The State Department Official said that the sale "will bolster the security of a major treaty ally that has been, and continues to be, a force for political stability and economic progress in the Asia-Pacific region...It would also follow through on President Trump's commitment to provide additional defensive capabilities to treaty allies threatened by the DPRK's provocative behavior."

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Felix Salmon, author of Capital
25 mins ago - Economy & Business

A white-collar crime crackdown

Illustration: Eniola Odetunde/Axios

America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

  • After a decade-long bull market, there is no shortage of those frauds to prosecute.
53 mins ago - Technology

Lawyers crystal-ball the Google antitrust case

Illustration: Eniola Odetunde/Axios

The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.

The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.

The pandemic is getting worse again

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Data: The COVID Tracking Project, state health departments; Note: Due to a database error, Missouri had a 3 day gap in reporting from Oct. 11-13; Map: Andrew Witherspoon/Axios

Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.

The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.