Jan 27, 2017

Mexico had an extra takeaway from the Trump-Nieto phone call

Rebecca Blackwell / AP

Both the Mexican and U.S. governments released statements about the talk between Trump and President Nieto. While both releases generally said the same thing, Mexico's version included one extra takeaway:

"Los Presidentes también convinieron por ahora ya no hablar públicamente de este controversial tema."

Translation: The Presidents also agreed not to talk publicly about the controversial issue for now.

Can Trump refrain from boasting about making Mexico pay for the wall?

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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.