Apr 18, 2018 - World

ZTE delays earnings report as it assesses impact of U.S. ban

Ina Fried, author of Login

A U.S. ban will make it tough for ZTE to compete in the global smartphone business. Photo: ZTE

Chinese telecom firm ZTE is delaying this week's scheduled quarterly earnings report as it scrambles to deal with a Commerce Dept. ban that keeps it from buying U.S. components for the next seven years, the WSJ reported Wednesday.

Why it matters: The order is a huge blow to the company, especially for the smartphone part of its business that relies on chips from Qualcomm and software from Google and others.

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Roger Stone arriving at his sentencing hearing on Feb. 20. Photo: Drew Angerer/Getty Images

President Trump on Friday evening commuted the sentence of his longtime associate Roger Stone, according to two senior administration officials. Stone in February was sentenced to 40 months in prison for crimes including obstruction, witness tampering and making false statements to Congress.

Why it matters: The controversial move brings an abrupt end to the possibility of Stone spending time behind bars. He had been scheduled to report to prison on July 14.

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Data: COVID Tracking Project and state health department data compiled by Axios; Map: Danielle Alberti and Naema Ahmed/Axios

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The big picture: The United States' alarming rise in coronavirus cases isn't just due to increased testing — particularly where the number of cases has grown fastest over the last month, Axios' Andrew Witherspoon and Caitlin Owens report.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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