Hi, I'm Dan Pramak and welcome to Axios Recap, presented by Walmart. Today is Monday, January 4th.

Stocks are down, COVID hospitalizations are way up, and we're focused on one of President Trump's election scapegoats.

The near-term future of American politics will be determined tomorrow in Georgia,

where a pair of runoff elections will decide which party controls the U.S. Senate.

Right now, both races look like toss-ups, but what we do know for sure is that the votes

will all be recorded and tabulated via voting machines produced by Dominion

voting systems, a Colorado-based company that's become the nexus of Trumpian conspiracy theories

over what, quote, really happened in November. Now, much of that's been fed by President

Trump himself, who repeatedly brought up Dominion during his leaked call from two days ago with

Georgia's Secretary of State, going so far as to call Dominion corrupt. Three things to know.

First, Dominion is one of the country's largest makers of election equipment, used in 28 states,

although not in some of the major cities where Trump has baselessly claimed fraud, including

Philly and Milwaukee.

2. Dominion has threatened to sue some of the high-profile people and media organizations

that have made baseless claims about it, with Fox News Channel, Fox Business, and Newsmax,

all reacting by airing at least partial corrections, or at least clarifications.

Three, Dominion was founded in Canada, and despite accusations to the contrary from people

like Trump lawyers, Sidney Powell and Rudy Giuliani, is owned by a New York City-based

private equity firm, whose office is just one block away from Fox News headquarters.

The bottom line, Dominion's gone from a largely unknown tech vendor to the ubiquitous election

boogeyman for millions of Trump supporters, urged on by the president himself and by his associates.

So we want to go deeper into what Dominion is, what it isn't, and how the controversy has upended the lives of its employees

...