Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Carolyn Kaster-Pool/Getty Images

Sen. Lindsey Graham (R-S.C.) told Snapchat's "Good Luck America" that “QAnon is bats--t crazy," adding that he believes the conspiracy theory is "very much a threat."

The big picture: QAnon has grown increasingly popular in mainstream Republican politics, with multiple supporters winning congressional primaries — most notably Marjorie Taylor Greene, who is likely to enter the House after winning the GOP nomination in a deep-red Georgia district.

  • Among other threads, QAnon baselessly claims that a powerful cabal of pedophiles and cannibals within the "deep state" is engaged in a global fight to take down President Trump.
  • The FBI has categorized the conspiracy theory as a potential domestic terror threat.

What he's saying: "Crazy stuff. Inspiring people to violence. I think it is a platform that plays off people’s fears, that compels them to do things they normally wouldn’t do. And it’s very much a threat."

  • "I would like to remove Section 230 liability. That if you’re going to have a social media site like QAnon or anything else, you spread this stuff at your own peril."
  • "So when this guy went into the pizza restaurant in Washington, because they alleged that Hillary Clinton was running a pedophile ring out of a pizza place in Washington. This guy took it seriously, went in with an AR-15 and started shooting up place. Thank God nobody got killed. But the pizza owner under my theory, could sue QAnon for passing along garbage. That’s a pretty dramatic step."

The big picture: President Trump added fuel to calls to condemn QAnon after he praised its supporters at a press conference earlier this month, claiming they "like me very much" and "love America."

  • That prompted Sen. Ben Sasse (R-Neb.) to say that "real leaders" would denounce the "nuts" QAnon.

Go deeper

Trump threatens to veto defense spending bill over social media shield

Photo: Erin Schaff - Pool/Getty Images

President Trump tweeted Tuesday a threat to veto a must-pass end-of-year $740 billion defense-spending authorization bill unless Congress repeals a federal law that protects social media sites from legal liability.

Why it matters: Trump's attempt to get Congress to end the tech industry protections under Section 230 of the Communications Decency Act is the latest escalation in his war on tech giants over what he and some other Republicans perceive as bias against conservatives.

Dan Primack, author of Pro Rata
11 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.