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Bill Gates at Trump Tower in December 2016. Photo: Timothy A. Clary / AFP via Getty Images

Microsoft co-founder Bill Gates is meeting with President Trump today at the White House. Ahead of that meeting, he told Politico's Anna Palmer and Jake Sherman that he'll try to impress upon Trump how crucial foreign aid is to the U.S.'s longevity.

"I’ll take his framework … and I’ll explain that even within that narrow framework where you don’t take into account things like saving lives in Africa and the pure humanitarian benefit, even without that, this is money well spent."
— Gates at a Politico event
  • "I don't agree with the America First rhetoric," Gates said. Spending dollars to help other nations is ultimately beneficial to the U.S., he said. "Americans don't want to have pandemics, and Americans don't want to have to send soldiers to restore stability in Africa."
  • What Trump's saying: His message has been that it's time for the U.S. to stop spending money on foreign nations and start spending money at home. But foreign aid is less than 1% of the U.S. budget.
  • On Capitol Hill's role: “Congress allocates the money, and the private sector and science deliver most of the miracles … Those two need to work together … The world benefits immensely form that," said Gates.
  • On the Big Tech backlash: "There definitely is something that needs to be looked at [with social media companies and the spread of fake information]. But the actual solutions there are a little less clear."
  • How Gates spends his time: 2 or 3 days a month at Microsoft and the rest working on projects for the Bill and Melinda Gates Foundation.

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Behind GameStop's latest stock surge

Illustration: Aïda Amer/Axios

Back in focus: The meme stock trade.

By the numbers: GameStop finished up 19%, after a wild day that saw shares spike as much as 80%.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 2 hours ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.