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Anti-Brexit demonstrators gathered outside the Parliament, waving EU and UK flags, on July 23, 2018. Photo: Alberto Pezzali/NurPhoto via Getty Images

The latest round of Brexit negotiations kicked off today in Brussels, with just two months to go before October's EU Summit — widely seen as one of the last feasible dates to secure a withdrawal treaty.

Why it matters: Consensus has been reached on about 85% of the deal, per the NYTimes' Steven Erlanger, but several of the most contentious issues, including the Irish border dilemma and the U.K.'s customs and trade relationship with the EU, have yet to be resolved.

What to watch:

  • The original idea for an Irish "backstop," which would allow Northern Ireland to remain in the EU's shared "customs union" and "single market," was rejected by the U.K. in July. Thursday's negotiations will focus on finding an alternative solution to prevent a hard border between Northern Ireland and the Republic of Ireland.
  • Friday's talks will seek to clarify the nature of the future trade relationship between the EU and the U.K., after Prime Minister Theresa May's "Chequers proposal" to remain in the EU's single market for goods, but not services, was also rejected.
  • In response to the stifling of the Chequers plan, Britain's new Foreign Secretary, Jeremy Hunt, has embarked on a tour of European capitals, lobbying the EU for "a change in approach" and warning of the severe market impact of a "no deal" Brexit.
  • The EU's Brexit negotiators reportedly fear that the British secret service has bugged their devices, according to The Telegraph. Regardless of whether that's true, the accusations themselves are a grim indication of the tensions between the negotiating parties.

Go deeper: The U.K. is changing its mind on Brexit.

Go deeper

Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.

Biden to nominate Janet Yellen as Treasury secretary

Photo: Photo by Alex Wong/Getty Images

President-elect Joe Biden is preparing to nominate former Fed Chair Janet Yellen as his Treasury Secretary, four people familiar with the matter tell Axios.

Why it matters: Yellen, 74, will bring instant economic celebrity to Biden’s team and, if confirmed, she will not only be the first female Treasury Secretary but also the first person to have held all three economic power positions in the federal government: the chair of Council of Economic Advisers, the chair of Federal Reserve and the Treasury Secretary.

2 hours ago - Podcasts

Bob Nelsen on AstraZeneca and his plan to revolutionize biotech

AstraZeneca and the University of Oxford on Monday reported promising efficacy data for their COVID-19 vaccine, which has less stringent storage requirements than the Pfizer and Moderna vaccines and may be distributed earlier in developing countries.

Axios Re:Cap digs into the state of vaccine and therapeutics manufacturing with Bob Nelsen, a successful biotech investor who on Monday launched Resilience, a giant new pharma production platform that he believes will prepare America for its next major health challenges.