Inside the Bernie economy

Happy Monday! Let's get into the news:

• 1 📺thing: "Axios on HBO" is back! Season 3 premiered last night and included interviews with Roger Stone and Manhattan District Attorney Cy Vance. Check out a clip below — and more from last night's episode here.

• 1 😳thing: Axios' Jonathan Swan and Caitlin Owens scoop that a top federal scientist sounded the alarm about what he feared was contamination in lab where the government made test kits for the coronavirus.
• 1 ⚖️thing: The Supreme Court will hear a major case against the Affordable Care Act.

👉 For more on the news of the day, sign up for one of our Axios newsletters or check out the newly-redesigned Axios website.

---

1 big thing: Inside the Bernie economy

By: Dion Rabouin • Newsletter: Axios Markets (sign up here)

The economy according to Bernie Sanders looks unlike anything any politician this close to the presidency has ever put forth before. It's a rethinking of the entire American economic model.

What it means: To understand the Bernie economy — his plans for free health care, college tuition and a government-guaranteed job for every American — it helps to view it through the lens of modern monetary theory, or MMT.

Go deeper: Read the full story

💸 Sign up for Dion's daily Markets newsletter to stay informed on the intersection of politics and the economy.

---

2. Why Elliott Management wants to oust Twitter CEO Jack Dorsey

By: Dan Primack • Newsletter: Axios Pro Rata (sign up here)

Photo Illustration: Sarah Grillo/Axios; Photo: James Brickwood/Fairfax Media via Getty Images

Activist investor Elliott Management has acquired nearly a 5% stake in Twitter, and believes the key to unlocking value is to replace Jack Dorsey as CEO. Bloomberg first reported the news, which Axios has since confirmed with multiple sources.

Why it matters: Elliott has become the top agitator in tech, and often gets what it wants. In this case, it's striking straight at the cult of the founder.

Go deeper: Read the full story

📈 Sign up for my daily Pro Rata newsletter for more on the big business news of the day.

---

3. Big Tech's small deals pose a quandary for regulators

By: Kyle Daly • Newsletter: Axios Login (sign up here)

Illustration: Sarah Grillo/Axios

As regulators review a decade of tech industry acquisitions for signs of monopolistic behavior, proposing remedies is going to be a tough challenge.

Why it matters: Tech companies like Google and Facebook grew giant in part by rolling up startups that are now fully integrated into their businesses. Despite heated antitrust rhetoric, it would be a tall order for regulators to reverse hundreds of deals or force divestitures of the essential business lines those transactions helped build.

🖥 Sign up for Axios' daily tech newsletter for more on the regulation of Big Tech.