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President Donald Trump. Photo: Cheriss May/NurPhoto via Getty Images

A federal judge ruled on Monday that the Trump administration must reinstate an Obama-era requirement for companies to report how much they pay their employees, along with their gender and race — a move supporters say would address pay disparities among workers of different groups.

Details: The rule went into effect in September 2016, mandating private employers with 100 or more employees and federal contractors with 50 or more workers disclose their pay data. U.S. District Court Judge Tanya Chutkan said the Trump administration failed to justify that its move to block the regulation in August 2017 would ease the burden on employers. Chutkan's ruling reportedly affects over 60,000 companies that employee 63 million people.

Go deeper: The real wage gap for women

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration.