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Kim and Trump. Photo: Kevin Lim/The Strait Times via Getty Images

The big takeaway from the Singapore summit between President Trump and North Korean leader Kim Jong-un was a four-point document, signed by both leaders, committing their governments to the pursuit of peace.

The big picture: The deal's language around the process of denuclearization is vague, as North Korea wanted it to be. But experts say the short-term risk of military conflict between the two countries has dropped from "fire and fury" levels to nearly zero — a win for both sides, and the rest of the world.

1. New US-North Korea relations

The United States and the DPRK commit to establish new US-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.

  • What it means: It's the broad declaration of peace experts were expecting would come out of the summit.
2. Lasting and stable peace

The United States and the DPRK will join their efforts to build a lasting and stable peace regime on the Korean peninsula.

  • What it means: More specifically, Trump on Tuesday committed to ending joint U.S.-South Korean military exercises — a big concession to North Korea and a win for Beijing as well.
3. Denuclearization

Reaffirming the April 27, 2018 Panmunjom Declaration, the DPRK commits to work towards the complete denuclearization of the Korean peninsula.

  • What it means: This follows North Korea's commitment to South Korea in April. It's not clear whether the leaders decided on a specific framework for denuclearization and verification.
4. Recovering POW/MIA

The United States and the DPRK commit to recovering POW/MIA including the immediate repatriation of those already identified.

  • What it means: Per Stars and Stripes, "Remains of an estimated 5,300 missing American service members are in North Korea and potentially recoverable."

Worth noting: The terms are strikingly similar to those of the June 1993 deal struck between then-President Clinton and Kim Jong Il, which North Korea eventually violated.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper:

Go deeper

12 mins ago - Health

Pfizer-BioNTech: Booster doses more effective at blocking Omicron

Prepared doses of the BioNtech-Pfizer Covid-19 coronavirus vaccine in Germany on Dec. 7. Photo: Thomas Kienzle/AFP via Getty Images

Pfizer and BioNTech said Wednesday that two doses of their COVID-19 vaccine were significantly less effective at neutralizing the Omicron variant in early lab tests, but a three-dose regimen was more effective.

Why it matters: Omicron, which has been labeled a variant of concern by the World Health Organization after being identified by scientists in South Africa last month, has forced vaccine makers to reassess the effectiveness of their vaccines against this specific new form of coronavirus.

Mike Allen, author of AM
18 mins ago - Politics & Policy

Biden unveils "Building a Better America" branding

President Biden speaks on infrastructure while visiting a bridge in Woodstock, N.H., last month. Photo: John Tully/Getty Images

President Biden today launched a new website and unveiled bold new branding as part of a nationwide tour to sell the benefits of his infrastructure package.

Why it matters: The White House says passage of the new law shows the ability to "forge bipartisan consensus and prove our democracy can deliver big wins" even in these toxic times.

2 hours ago - World

Olaf Scholz sworn in as German chancellor, succeeding Merkel

Incoming German Chancellor Olaf Scholz is sworn in by Bundestag President Bärbel Bas in Berlin today. Photo: Sean Gallup/Getty Images

Social Democrat Olaf Scholz was sworn in as chancellor of Germany on Wednesday, succeeding Angela Merkel after 16 years and launching a new era of German and European politics.

Why it matters: Scholz, a center-left pragmatist who served as finance minister and vice chancellor in Merkel's last government, will lead Europe's largest economy in a coalition with the environmentalist Greens and pro-business Free Democrats.