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On day 16 of the partial government shutdown, President Trump tweeted that Vice President Mike Pence's meeting on Sunday with Democratic congressional representatives had been "productive," announcing that his administration is now "planning a Steel Barrier rather than concrete."

The big picture: Trump's tweet echoes a concession first offered by acting chief of staff Mick Mulvaney on NBC's "Meet the Press" — and floated by Trump in another tweet last month. But a Democratic official familiar with the meeting blasted Trump's take, saying that it started 45 minutes late after administration officials were unprepared to justify the $5.7 billion they've requested for the wall, though the Washington Post reported that the White House drafted a letter that more specifically outlined the administration's proposals, including $800 million for "urgent humanitarian needs." The official added that no progress had been made — and no other meetings of the group had been scheduled.

Go deeper

Dan Primack, author of Pro Rata
12 mins ago - Economy & Business

IPOs keep rolling despite stock market volatility

Illustration: Aïda Amer/Axios

Stock market volatility is supposed to be kryptonite for IPOs, causing issuers to hide out in their private market caves.

Yes, but: This is 2020, when nothing matters.

Ben Geman, author of Generate
51 mins ago - Energy & Environment

Higher education expands its climate push

Illustration: Aïda Amer/Axios

New or expanded climate initiatives are popping up at several universities, a sign of the topic's rising prominence and recognition of the threats and opportunities it creates.

Why it matters: Climate and clean energy initiatives at colleges and universities are nothing new, but it shows expanded an campus focus as the effects of climate change are becoming increasingly apparent, and the world is nowhere near the steep emissions cuts that scientists say are needed to hold future warming in check.

Ina Fried, author of Login
1 hour ago - Economy & Business

The pandemic isn't slowing tech

Illustration: Eniola Odetunde/Axios

Thursday's deluge of Big Tech earnings reports showed one thing pretty clearly: COVID-19 may be bad in all sorts of ways, but it's not slowing down the largest tech companies. If anything, it's helping some companies, like Amazon and Apple.

Yes, but: With the pandemic once again worsening in the U.S. and Europe, it's not clear how long the tech industry's winning streak can last.