Sep 12, 2017

Hope Hicks will keep the WH comms director job

Carolyn Kaster / AP

Hope Hicks, who has been serving as interim communications director since Anthony Scaramucci was fired, will keep the job permanently.

Why it matters: Trump trusts Hicks to speak on his behalf in a way he'll never trust another member of the comms staff, viewing her almost as another daughter, Axios' Jonathan Swan points out. And Hicks understands that Trump largely views himself as the communications director in charge of his own messaging.

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.