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Max Herman /Chicago Sun-Times via AP

Hotel scion J.B. Pritzker yesterday announced his candidacy for the Democratic Party nomination to unseat Illinois Gov. Bruce Rauner. From a finance perspective, it sets up a battle between one of the state's top venture capitalists against one of its best-known private equity executives.

Finance fight: Pritzker has spent the past two decades leading Pritzker Group Venture Capital, whose deals have included Casper, Honest Co., Fleetmatics, Playdom and Pindrop Security. He also co-founded a middle-market private equity affiliate. A source says that he'll step down as managing partner of both groups, although no official statement yet on that matter. Rauner was a longtime private equity executive with Chicago-based GTCR, before entering politics earlier this decade.

Odds: Pritzker faces a crowded Democratic field before getting to Rauner, although his wealth, Democratic Party bonafides (sister Penny was Obama's Commerce Secretary) and the strength of the Pritzker name in Illinois make him the early front-runner. Then again, Jeb Bush was once a front-runner for similar reasons.

Rhetoric: Less than 24 hours in, and Pritkzer already has called Rauner a "failure," and Rauner has called Pritzker a "lapdog."

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Health: CDC: It's time for "universal face mask use" — Death rates rising across the country — Study: Increased testing can reduce transmission.
  3. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  4. Cities: Bay Area counties to enact stay-at-home order ahead of state mandate
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.