Illustration: Rebecca Zisser / Axios 

"For many Florida teachers, it’s an indignity on top of tragedy. Inside their retirement plans, they hold stock in the companies that make the AR-15 rifle," Reshma Kapadia writes in the "Streetwise" column of Barron's:

  • "The $163 billion Florida Retirement Pension Plan had a $4 million stake in gun manufacturers as of Dec. 31. Nearly half of that comes from a low-cost index fund that tracks the broad-based Russell 3000."
  • "Indexing giants Vanguard and BlackRock are the largest investors in the three major publicly traded gun makers. BlackRock owns 11% of American Outdoor Brands, formerly Smith & Wesson ... Together, BlackRock and Vanguard own 26% of Sturm Ruger, which makes semi-automatic rifles including the AR-15. And they’re the No. 2 and No. 3 owners, respectively, of Vista Outdoor."
  • Why it matters: "Investors combing through fund holdings could easily miss these positions. ... The gun makers may not matter to asset managers, but the reverse isn’t true. The fund giants help keep the stocks of gun makers afloat."
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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"— COVID-19 looms over White House Halloween celebrations.
  2. Health: 13 states set single-day coronavirus case records last week — Fauci says maybe we should mandate masks if people don't wear themU.S. reports over 80,000 new cases for second consecutive day.
  3. World: Italy tightens restrictions Spain declares new state of emergency.

Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

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The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.