Good Tuesday morning. This is the 366th edition of Axios AM! We launched a year ago today — along with two other newsletters: Dan Primack's Pro Rata, on tech deals, and Vitals, on health policy — getting a 10-day jump on the formal launch of Axios.
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While Oprah and Michael Wolff soak up mindshare, two new revelations make it clear that reality may soon cast a pall over the addictive craziness of "The Trump Show":
Forget all the noise — the Fantasyland tweeting and coverage. These could be the two biggest intrusions of reality since Trump took office.
To help follow "The Trump Show," the N.Y. Times' David Brooks offers a useful "two White Houses" construct in today's column:
Be smart: It's looking like Year 1 of the Trump presidency could turn out to be the fantasy phase, and that Mueller, staff departures and North Korea could make Year 2 the reality phase.
Chinese internet giants like Tencent, Baidu and Alibaba are ramping up investments in U.S. tech and media companies, Axios' Sara Fischer reports:
The new tax law "could actually make it attractive for companies to put more assembly lines on foreign soil," according to the N.Y. Times ("New Tax Law, Billed as Boon To U.S. Plants, Could Backfire"):
VCG via Getty Images
Giant panda plays in the snow yesterday at Shenyang Forest Zoological Garden in China.
The smartphones and other gadgets that used to dominate the annual CES (formerly the Consumer Electronics Show) in Vegas are being overshadowed by bigger mobile devices: namely, automobiles, AP reports:
Other CES developments:
Illustration: Lazaro Gamio / Axios
Venture capitalists have become much pickier than they once were, are taking longer to invest, and are writing bigger checks, Axios' Kia Kokalitcheva reports from S.F.:
Counting down to our 1-year anniversary on Jan. 18 ...
10. In one year, Axios has tripled in size — growing from a staff of about 30 at launch to 93 today.
The N.Y. Times gives above-the-fold real estate to a profile of former Wall Street Journal reporter Glenn Simpson ... "He Sought Dirt, Then Spotlight Shone on Him: Ex-Journalist at Center of the Russia Inquiry," by Matt Flegenheimer:
J.D. in D.C. (Astrid Riecken for The Washington Post via Getty Images)
"Top Senate Republicans have quietly reached out to J.D. Vance — the star author of 'Hillbilly Elegy' — about running for Senate in Ohio after the abrupt withdrawal of GOP candidate Josh Mandel last week," Politico reports:
Sinclair Broadcasting's proposed $3.9 billion acquisition of Tribune Media would give the conservative-leaning company control of an additional TV station in Des Moines, Axios' David McCabe and Sara Fischer report:
Alabama stuns Georgia in overtime to win college football championship (The Crimson Tide's fifth title in nine years) — AP College Football Writer Ralph Russo:
Thank you for reading.