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News broke of Cohn's resignation on Tuesday evening. Photo: T.J. Kirkpatrick / Bloomberg via Getty Images 

The White House hasn't done any succession planning, but here's who we're hearing as possible replacements for Gary Cohn as President Trump's chief economic adviser.

Four rumored contenders for the position are: Kevin Warsh, former Fed governor and economic official for President George W. Bush; Shahira Knight, Deputy Assistant to the President for Economic Policy, Cohn's top tax official; Peter Navarro, White House trade adviser, who argued for tariffs; and Larry Kudlow, CNBC senior contributor and conservative commentator, who shares Cohn's views on trade.

P.S. Trump at a press conference yesterday, before the Cohn announcement, on finding new talent:

  • "Many, many people want every single job. You know, I read where, 'Oh, gee, maybe people don’t want to work for Trump.' And believe me, everybody wants to work in the White House. They all want a piece of that Oval Office; they want a piece of the West Wing. And not only in terms of it looks great on their résumé; it’s just a great place to work."
  • "So many people want to come in. I have a choice of anybody. I could take any position in the White House, and I’ll have a choice of the 10 top people having to do with that position. Everybody wants to be there."
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Go deeper

"No-code" miracle for startups

Expand chart
Data: Interactive Advertising Bureau; Table: Axios Visuals

The U.S. has reached a tipping point in its shift from the industrial economy — one that relied on the buildout of hardware — to an information economy that relies on the transfer, storage and implementation of data, according to a new report.

Why it matters: This shift towards a data and information-based economy has allowed more businesses to establish themselves and scale quickly and at a very low cost. As such, the number of jobs created by the commercial internet has more than tripled since 2012.

Amazon's small business shield

Illustration: Aïda Amer/Axios

Amazon is touting the success of small sellers on its platform through the pandemic — and warning that antitrust legislation could jeopardize that success and blow up its open-marketplace model.

Why it matters: As online shopping became a lifeline for both businesses and consumers during the pandemic, Amazon reaped big benefits, but also saw its regulatory risk grow.

The new cold war panic

Illustration: Aïda Amer/Axios

The world has seen a power struggle between nuclear powers before, and has seen those countries inch closer to military conflict. But it's never before seen a cold war between two countries as interconnected — with each other and with the rest of the globe — as the U.S. and China.

Why it matters: Escalating antagonism between the world's two superpowers is likely to hinder global cooperation to fight climate change, divert resources to costly arms and tech races, complicate diplomacy for U.S. allies, and victimize Chinese and American citizens living in each other's countries.