President Donald Trump. Photo: Scott Olson/Getty Images.

President Trump said at a campaign rally Friday in West Virginia that it's possible that the Democrats win the House this midterm election.

Why it matters: Trump has been rallying for Republican races across the country in a last-ditch push for Republican voters to turn out to the polls and vote in favor of the party to maintain control. Many of the candidates he is campaigning on behalf of are in tight races against their Democratic opponent. Trump said in West Virginia, the Democrats "will try to erase our gains and eradicate our progress. It’ll be bad for the country, the Democrats. And it could happen. Could happen."

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M&A activity falls despite early coronavirus fears

Illustration: Aïda Amer/Axios

In April, several prominent Democrats proposed a moratorium on large mergers and acquisitions. Their argument was that the pandemic would embolden the strong to pounce on the weak, thus reducing competition.

Fast forward: The moratorium never materialized. Nor did the M&A feeding frenzy.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

2 hours ago - Sports

Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.