Photo: Alex Wong/Getty Images

President Trump said Monday that he is open to the Senate Judiciary Committee delaying Brett Kavanaugh's confirmation process following allegations of sexual assault.

"I want the American people to be happy because they’re getting somebody that is great. I want him to go in at the absolute highest level. And I think to do that you have to go through this. If it takes a little delay it'll take a little delay ... I'm sure it will work out very well."
— President Trump

Why it matters: This is the first time Trump has weighed in on the allegations against his SCOTUS pick. Trump also defended Kavanaugh, and said he wished that the Democrats had brought this up sooner. His comments come as Senate leaders continue to debate how to handle the accusation, given the Judiciary Committee was expected to vote Kavanaugh onto the bench later this week.

Go deeper

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).

U.S. Chamber of Commerce warns of racial inequality for small businesses

Illustration: Aïda Amer/Axios

Attitudes and beliefs about racial inequality are changing quickly as protests and media attention have helped highlight the gaps in opportunity between white- and minority-owned businesses in the United States.

Driving the news: A new survey from the U.S. Chamber of Commerce and MetLife provided early to Axios shows a 17-point increase in the number of small business owners who say minority-owned small businesses face more challenges than non-minority-owned ones.

BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.