Facebook stock has regained two-thirds of what it lost following last month's revelations that user data was improperly accessed by Cambridge Analytica.
Big picture: Facebook isn't yet out of the U.S. regulatory woods, but investors are willing to give their benefit of the doubt so long as earnings remain strong.
Illustration: Sarah Grillo/Axios
Sen. Ted Cruz (R-Texas) told "Axios on HBO" on Monday that he wishes reining in the national debt was a higher priority for President Trump.
Why it matters: Trump pledged during the 2016 campaign to reduce the national debt and eliminate it entirely within eight years, though he also deemed himself "the king of debt" and said there were some priorities that required spending. In the fiscal year that ended in September, the deficit reached a record $3.1 trillion.
E. Jean Carroll in Warwick, New York. Photo: Eva Deitch for The Washington Post via Getty Images
A federal judge on Tuesday dismissed the Justice Department's attempted intervention on behalf of President Trump in writer E. Jean Carroll's defamation lawsuit against him, after she accused him of raping her in a dressing room in the mid-1990s.
Catch up quick: The agency argued that Trump was "acting within the scope of his office" as president when he said in 2019 that Carroll was "lying" about her claim.