In remarks about second-term plans, former President Trump often talks about banning mask and vaccine mandates, and deporting undocumented immigrants, an analysis by Axios' Erin Davis and Sophia Cai found.

• But he spends only about 11% of his time on policy plans, including what he'd do for the economy.

These graphics show the most common phrases Axios found in 49 speeches, interviews and rallies from January 2023 through mid-April 2024.

🖼️ The big picture: Trump spends nearly 90% of his speeches talking about everything but his policy plans — strafing President Biden, denouncing Democratic policies, complaining that prosecutors are out to get him.

• Trump's team has laid out a detailed policy platform, branded Agenda47, on his campaign's website.
• He has proposed dramatically increasing presidential powers, and gutting protections for federal employees in order to stack the government with loyalists. But very few of those specifics make it into his speeches.

Many of Trump's most common phrases reflect how he's made restricting immigration the cornerstone of his 2024 campaign.

• His most common pitches to voters on the issue: "stop the invasion," "terminate every single open border policy," reinstate the "Trump travel ban" and implement "ideological screening on all immigrants."

💵 The intrigue: Trump often mentions that he'd stop "Joe Biden's inflation nightmare."

• But noticeably absent from his most frequent policy references are phrases about how he plans to improve the economy, aside from his "drill baby, drill" calls to increase oil production.

Axios used OpenAI's ChatGPT to research a database of public statements to determine phrase-usage frequency, but not to create the story content. Read our full story and methodology here.

President Biden, at 81, is betting big on his ability to square off with a rival who regularly questions his mental acuity and physical stamina, Axios' Hans Nichols and Alex Thompson write.

• Why it matters: Behind Biden's presidential debate gambit are a series of calculated hedges to minimize potential damage.

👀 Look past Biden's taunts and Trump's trolls:

• If Biden always planned to debate, he got what he wanted: two debates instead of the proposed three, no live audience, and plenty of time before Election Day to make up for any mistakes.
• The early timing (June 27, CNN ... Sept. 10, ABC) also gives Trump the ability to make up for any large errors on the stage.

🔭 Zoom out: Democrats are acutely aware of the risks of appearing on stage with Trump.

• "I myself would never recommend going on stage with Donald Trump, but the president has decided that's what he wants to do," former House Speaker Nancy Pelosi told CNN.

But Robert Gibbs — President Obama's first press secretary, now with Bully Pulpit International — said: "For Biden, not debating is a far bigger risk ... He gets the debate with the rules and no audience he wanted."

• "If he performs well, that risk can really pay off."

Go deeper: Debate commission's cloudy future ... Share this story.

Some of America's fastest-growing places aren't cities themselves but their outer suburbs, or exurbs, Axios' Alex Fitzpatrick writes from new census data.

• Why it matters: Late-pandemic shifts in where Americans live are still shaking out — with big implications for cities seeing massive growth or rapid decline.

🔬 Zoom in: The exurb trend is particularly pronounced in the Phoenix metro area, where four exurbs made up a third of the area's population growth in 2023.

• "Fewer of the fastest-growing places between 2022 and 2023 were inner suburbs than in 2019 ... and more were on the far outskirts of metro areas — 30, 40 and even more than 60 miles away from the largest city's downtown," according to a U.S. Census Bureau analysis.

🍑 The big picture: Atlanta, Fort Worth and Raleigh are America's fastest-growing cities with more than 250,000 residents.

• Southern cities dominate the list of the fastest-growing big metros, with Florida and Texas alone accounting for eight of the top 20.

🚙 Go deeper: Detroit is growing again ... Share this story.

The stock market hit a new record high yesterday — with all major indices notching uncharted territory, Axios' Felix Salmon writes.

• The last all-time high was set 48 days ago, on March 28.

Why it matters: The optimism embedded in stock prices stands in stark contrast to a much gloomier national mood in an election year almost no one is excited about.

• Inflation numbers released yesterday came in lower than expected for April.

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When chief scientist Ilya Sutskever left Open AI this week, the firm lost its last influential leader known to question CEO Sam Altman's push to deploy AI fast.

• Why it matters: OpenAI, founded as a nonprofit to pursue a responsible vision of advanced AI, now leads an industry-wide charge to distribute it worldwide, even though the technology remains error-prone and unpredictable.

🦾 State of play: Every one of Altman's competitors has embraced his belief that AI needs to be quickly shared and widely used now, so society can benefit from it and adapt to it.

• Doomer scenarios — that a runaway advanced digital intelligence might escape human control — have looked increasingly far-fetched as the public grew more accustomed to the limits and frustrations of AI tools.
• Elon Musk, one of OpenAI's co-founders and an early dabbler in doomerism, is now plowing billions into his own AI company.

Now, it's accelerationists — people who argue AI's benefits will be so overpoweringly vast that slowing down the technology would be a crime — who are calling the shots.

• They control much of the industry's money, and they have taken its wheel.

Keep reading ... Get Axios AI+.

Israel's defense chief warned in a dramatic speech yesterday that Prime Minister Benjamin Netanyahu's inaction on a post-war plan for Gaza is pushing Israel toward having to impose military and civilian rule over the enclave, Axios' Barak Ravid reports.

• Why it matters: Defense Minister Yoav Gallant's remarks were a public indictment of Netanyahu's war policy, exposing some officials' frustration that he hasn't set a clear strategy for Gaza's future.

The comments shed light on the deepening political divisions in Israel's war cabinet, where relations between officials are disintegrating after more than seven months of fighting Hamas.

• "Indecision is, in essence, a decision," Gallant said. "This leads to a dangerous course, which promotes the idea of Israeli military and civilian governance in Gaza."

Netanyahu has rejected such calls for action, saying there's no point in drafting a post-war plan before Hamas is defeated.

• Keep reading.

"After victory in the Cold War, the American model seemed unassailable. A generation on, Americans themselves are losing confidence in it," The Economist writes in a cover editorial out this morning.

• "[W]hat sustains the American project, as with any democracy, is not black-letter laws but the values of citizens, judges and public servants. And the good news is that even the most determined, inventive and organized of would-be despots would struggle to overcome them."

The NFL dominates the internet on a random day in May each year, Axios' Maxwell Millington writes.

• The official schedule release, which took place last night, has morphed into a quirky tradition where teams share zany videos on social media that go viral.

The L.A. Chargers — a schedule release powerhouse — made a 3-minute Sims-themed video. Last year, the team dropped an impressively produced anime trailer.

• The New England Patriots revealed their schedule with the trailer for a fictional movie, "Good Jules Hunting," with Patriots alumnus Julian Edelman playing the Matt Damon role from the 1997 movie "Good Will Hunting." Watch here.
• The Baltimore Ravens released a long video featuring comedian Stavros Halkias.

Week-by-week schedule ... NFL release ... More videos ... Share this story.