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Where Broadcom's failure with Qualcomm ranks

Broadcom's abandoned pursuit of Qualcomm goes down as the fourth-largest merger offer ever to be withdrawn, according to Thomson Reuters (which includes debt in its calculations).

Data: Thomson Reuters Deals Intelligence; Chart: Axios Visuals
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Zuckerberg admits Facebook "breach of trust"

Facebook CEO Mark Zuckerberg walks wearing a t-shirt, with trees behind him
Photo: Drew Angerer/Getty Images

Mark Zuckerberg weighed in on what he called the "Cambridge Analytica situation" today in a Facebook post, saying there was a "a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that."

Why it matters: Facebook has been under extraordinary pressure from lawmakers, regulators and Wall Street to respond to the issue.

Khorri Atkinson 3 hours ago
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Congress releases omnibus spending plan

The House and Senate have released the $1.3 trillion spending bill to fund the federal government for the rest of the fiscal year. It includes increases for defense, homeland security, plus funding for infrastructure and opioid abuse treatment.

Read a summary of the proposal here.