Iranian President Hassam Rouhani. Photo: Atta Kenare/AFP via Getty Images

Iran's President Hassan Rouhani is questioning the West's "right" to renegotiate the terms of the Iran nuclear deal after President Emmanuel Macron laid out the framework for a "new deal" in a press conference with President Trump, per the BBC.

The big picture: Macron said the new deal would extend the duration of the 2015 agreement, restrict missile tests and contain Iran's regional influence. He and other European leaders are trying to reach a solution that would keep Trump from pulling the U.S. out of the nuclear deal. Rouhani hit back by saying the U.S. and France can't change a seven-party agreement alone, and that Trump doesn't have "any background" in politics, law or international treaties.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 4 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.