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Axios Managing Editor Kim Hart discusses the end of neutrality with FCC Chairman Ajit Pai. Photo: Chuck Kennedy for Axios

For Axios' first News Shapers of the summer, Mike Allen and Kim Hart hosted conversations on two of today's biggest stories: Trump's summit with North Korea and the end of net neutrality.

Why it mattered: As the ranking member of the House Intelligence committee, Rep. Schiff provided his insight into how the North Korea summit will impact the global order. Meanwhile Chairman Pai, who oversaw the controversial decision to end net neutrality, explained his reasoning for doing so.

Rep. Adam Schiff and Mike Allen. Photo: Chuck Kennedy for Axios

Rep. Schiff on Trump's summit with North Korea:

  • "A vague promise for future denuclearization, undefined, is not much of a security guarantee, and we gave up, I think, a great deal to obtain even that."
"If this President thinks that we can now sleep better, that it's problem solved, that's preposterous."
— Rep. Adam Schiff
  • "For people in North Korea, those that are suffering [...], they now look at [Kim Jong Un] and his actions have been ratified by the President of the United States."

The big picture: "I make that we are at greater odds with our allies now than ever before in my lifetime. [...] When we need our allies, there's less likelihood that they will respond in kind, because we have ridiculed them [...] you may get away with when you don't need them immediately, but when you do, that's a real problem."

Chairman Pai and Kim Hart. Photo: Chuck Kennedy for Axios

Chairman Pai on the problem with US's internet policy: "There is no business incentive for internet providers to serve rural areas."

On his hope for the internet: "That the light touch approach of the FCC will inspire much more infrastructure investment, to get more people on the right side of the digital divide."

On 5G's impact on rural America: "A lot of human capital in middle America is sitting on a shelf [...] because they don’t have access to next generation technologies."

🏳️‍🌈 Recognizing pride month with rainbow breakfast bowls. Photo: Chuck Kennedy for Axios

Thank you Bank of America for sponsoring this event.

Go deeper

Colin Powell dies from COVID complications at 84

Photo: Paul Morigi/Getty Images for Capital Concerts

Colin Powell, the first Black U.S. secretary of state, died of complications from COVID-19, his family announced Monday. He was 84.

Driving the news: The Powell family said in a statement that he was fully vaccinated. "We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment."

Mike Allen, author of AM
4 hours ago - Politics & Policy

GOP senator calls for senility test for aging leaders

Photo: "Axios on HBO"

Sen. Bill Cassidy (R-La.), a physician, told me during an "Axios on HBO" interview that he favors cognition tests for aging leaders of all three branches of government.

Why it matters: Wisdom comes with age. But science also shows that we lose something. And much of the world is now run by old people — including President Biden, 78 ... Speaker Pelosi, 81 ...  Senate Majority Leader Chuck Schumer, 70 ... and Senate Minority Leader Mitch McConnell, 79.

Ina Fried, author of Login
4 hours ago - Technology

Intel CEO blames predecessors for manufacturing woes

Axios on HBO

When it comes to Intel's recent manufacturing problems, Intel CEO Pat Gelsinger places the blame squarely on his predecessors — many of whom he notes were not engineers deeply steeped in chip technology, as he is.

Why it matters: Gelsinger has announced a broad plan to reinvigorate Intel by doubling down on manufacturing. However, the strategy depends on the venerable semiconductor giant recovering from recent stumbles.