Mar 2, 2018

Icahn rids stock in steel-related company ahead of tariff announcement

Carl Icahn at the 2015 Delivering Alpha Conference. Photo: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images

Billionaire investor and former adviser to President Trump, Carl Icahn, revealed in a recent SEC filing that he withdrew a $31.1 million stake in the popular crane manufacturer, Manitowoc, which relies heavily on steel-related products, first reported by ThinkProgress. The company's stock sank 6% following Trump's Thursday announcement that he will raise tariffs on steel and aluminum. Icahn has not yet returned Axios' request for comment.

Why it matters: The Feb. 22 filing came a week prior to Trump's announcement. Countries and global organizations have announced their displeasure with the U.S.' decision to raise tariffs of 25% on steel and 10% on aluminum and have threatened to pull out of trade deals if tariff prices surge.

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FBI to investigate death of black man after video shows officer kneeling on neck

A man protesting near the area where a Minneapolis Police Department officer allegedly killed George Floyd. Photo: Kerem Yucel/AFP via Getty Images

The FBI will investigate the death of a black man for possible civil rights violations after video emerged of a Minneapolis police officer kneeling on the man's neck for several minutes, ignoring protests that he couldn't breathe, the Minneapolis Star Tribune reports.

The big picture: The man, identified as George Floyd, was being arrested for alleged forgery and appeared to be under the influence of alcohol or drugs, according to a police press conference Monday night. Police say he resisted arrest before suffering from “medical distress."

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 5,543,439 — Total deaths: 347,836 — Total recoveries — 2,266,394Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,669,040 — Total deaths: 98,426 — Total recoveries: 379,157 — Total tested: 14,604,942Map.
  3. Trump administration: Mike Pence's press secretary returns to work after beating coronavirus.
  4. States: New York reports lowest number of new coronavirus deaths since March.
  5. Public health: The final data for remdesivir is in and its benefits are rather limited.
  6. Education: A closer look at how colleges can reopenNotre Dame president says science alone "cannot provide the answer" to reopening.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 1 hour ago - Politics & Policy

Pentagon watchdog sidelined by Trump resigns

Fine testiying before the Senate Judiciary Committee in 2017. Photo: Drew Angerer/Getty Images

Glenn Fine, the Pentagon's principal deputy inspector general, submitted his resignation on Tuesday.

Why it matters: President Trump removed Fine as the Pentagon's acting inspector general in April 7 after a group of independent federal watchdogs selected him to lead the Pandemic Response Accountability Committee, which was set up to oversee the rollout of the $2 trillion coronavirus relief bill.