Good afternoon ...
Situational awareness: The North Korea summit is back on again. The quote to remember from President Trump as he announced the decision: “I don’t want to use the term maximum pressure any more.”
Illustration: Sarah Grillo/Axios
Two of the biggest tech companies are repositioning themselves — one to get rid of troublesome baggage, the other to expand into new territory.
1) Facebook is getting rid of the "Trending" news section that has caused it so many headaches, Axios' Kia Kokalitcheva reports. Instead, it says it's trying other things, like "breaking news" labels for posts from publishers and a news video section in Facebook Watch.
2) Apple is trying to move into the digital ad business. The Wall Street Journal reports that it has met with Snap, Pinterest and other companies to lure them to an Apple network that would distribute ads to their apps, with Apple sharing revenue with the apps.
One more tech headache: Misconfigured Google Groups may accidentally be spewing private conversations over the internet, according to a study published today by Kenna Security, Axios' Joe Uchill reports.
A sign on a window in San Francisco. Photo: Justin Sullivan/Getty Images
Illustration: Axios Visuals
Each Friday in Axios PM this summer, I'll be telling you about a book I've just read and recommend, or one that I'm excited to dive into over the coming weekend.
My leadoff beach read, which got a lot of buzz when I passed it around the News Desk at Axios HQ ... "The Performance Cortex: How Neuroscience Is Redefining Athletic Genius," by Zach Schonbrun, one of the most refreshing bylines in the N.Y. Times sports pages (Dutton):