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Ramon Espinosa / AP

With President Trump planning to fly to Miami on Friday to announce a Cuba policy that at least partly reverses President Obama's openings for commerce and travel after a half-century standoff, we asked officials inside and outside the White House to help us read between the lines:

  • The base loves a little Obama-appeasement rhetoric, and Trump plans to give it to 'em.
  • This was a campaign promise that won Trump some vital South Florida endorsements at a crucial time.
  • This is a chance for Trump to project personal and national strength.
  • It's a reminder the president can do consequential, historic things without Congress. But if you're Obama, it's also a reminder that such changes can be fleeting.
  • Big win for Sen. Marco Rubio (R-Fla.), who tutored Trump on the issue (including in debates), and kept prodding for this announcement. Look for Rubio at Trump's event.

L.A. Times lead story, "Trump plans a reversal on ties with Cuba," by Tracy Wilkinson: "The move will be controversial. It could dull a boom in tourism by Americans to Cuba and hurt a burgeoning cottage industry of private enterprise on the socialist-ruled island. And it could allow Russia and China to more easily step in to fill the void."

  • "Some Trump supporters argue however that President Raul Castro has failed to improve human rights or expand political freedoms and does not deserve better relations with the U.S."
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Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.