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IamRender / Flickr Creative Commons

Last week, the European Union announced its draft guidelines for negotiating Brexit with the U.K. One controversial provision was that Spain would have veto power over any Brexit deal as it applies to Gibraltar.

Gibraltar is a tiny British Overseas Territory at the southern tip of Spain so it no doubt values a relationship with Europe — it voted 96% to remain in the European Union — but it also overwhelmingly chose British sovereignty in referenda in 1967 and 2002.

Former Conservative Party leader Michael Howard today hinted that the U.K. could defend Gibraltar militarily by invoking today's 35-year anniversary of the Falklands War:

Thirty-five years ago this week, another woman prime minister sent a task-force halfway across the world to defend the freedom of another small group of British people against another Spanish-speaking country. And I'm absolutely certain that our current prime minister will show the same resolve in standing by the people of Gibraltar."

It's safe to say that nothing will happen

— under NATO, Britain would have to go to war with itself to defend Spain — though PM Theresa May did call Gibraltar's leader to reiterate the U.K.'s support for the territory.

Go deeper

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.