Earlier this week came the resignation of Klaus Kleinfeld as CEO of metal maker Arconic, which has been locked in a contentious proxy fight with activist investment firm Elliott Management. At issue was a letter he privately sent to Elliott boss Paul Singer, without permission from Arconic's board of directors.

Elliott today disclosed the letter, and it reads a bit like amateur extortion. Or Kleinfeld's inability to properly tell a good joke:

Quite a few people who accompanied you to Berlin in 2006 during and especially after the many matches you attended are still full of remarkable memories about this obviously remarkable time.

Kleinfeld seems to have thought that Singer might give up a big-dollar battle so as to keep such memories private. Apparently not.

Go deeper

Biden to Trump: "I have not taken a penny from any foreign source ever in my life"

Former VP Joe Biden pushed back Thursday against allegations from President Trump, saying he had never profited from foreign sources. "Nothing was unethical," Biden told debate moderator Kristen Welker about his son Hunter's work in Ukraine while he was vice president.

Why it matters: Earlier on Thursday, Hunter Biden's former business partner, Tony Bobulinski, released a statement saying Joe Biden's claims that he never discussed overseas business dealings with his son were "false."

Trump claims COVID "will go away," Biden calls his response disqualifying

President Trump repeated baseless claims at the final presidential debate that the coronavirus "will go away" and that the U.S. is "rounding the turn," while Joe Biden argued that any president that has allowed 220,000 Americans to die on his watch should not be re-elected.

Why it matters: The U.S. is now averaging about 59,000 new coronavirus infections a day, and added another 73,000 cases on Thursday, according to the Covid Tracking Project. The country recorded 1,038 deaths due to the virus Thursday, the highest since late September.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
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  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: FDA approves Gilead's remdesivir as a coronavirus treatment How the pandemic might endMany U.S. deaths were avoidable.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.

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