Elise Amendola / AP

Per Bloomberg, Verizon is securing rights from TV networks to stream their content online, which is an important step towards moving into the digital TV streaming market. According to people familiar with the move, Verizon will sell a package with dozens of channels this summer that will be separate from FiOS.

The move follows a trend of other telecom companies taking steps to move into the digital TV space. On Monday, Bloomberg reported that Comcast has negotiated rights from the owners of cable companies to broadcast their video services outside of its regional territories, which could indicate that they're moving into the TV streaming service. Other telecom companies have already jumped into online streaming, including Dish Network with SlingTV and Apple Inc. with DirectTV.

Why it matters: The TV consumption trend is quickly moving from traditional TV sets to digital streaming. Per the Consumer Technology Association, the percentage of streaming service subscribers (free or paid) has caught up with the percentage of pay-TV service providers for the first time ever. Per Nielsen, 23% of U.S. households own a digital streaming device.

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Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

2 hours ago - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.