Axios PM

April 17, 2026
🎉 Happy Friday! Today's newsletter, edited by Alex Fitzpatrick, is 665 words, a 2½-min. read. Thanks to Sheryl Miller for copy editing.
⚡️ Situational awareness: The S&P 500 rose about 1.2% and oil prices dipped around 9% by midafternoon after Iran said it reopened the Strait of Hormuz. Get the latest.
1 big thing: Trump expects Iran deal this weekend

U.S. and Iranian negotiators will probably meet this weekend to hammer out a final peace deal, President Trump told Axios' Barak Ravid today.
- Trump said over the phone: "The Iranians want to meet. They want to make a deal. I think a meeting will probably take place over the weekend. I think we will get a deal in the next day or two."
Multiple U.S. officials and other sources briefed on the negotiations have told Axios that significant progress has been made.
- Yet gaps still remain on critical issues.
💸 One proposal under discussion: The U.S. would release $20 billion in frozen Iranian funds if Iran gives up its stockpile of enriched uranium. (Axios scoop.)
- The plan also involves a moratorium on Iranian enrichment.
⚓️ Trump told Barak that he's not going to lift his Strait of Hormuz blockade until a deal is reached, and stressed he wants the strait open for everybody.
- Iran announced today that it would open Hormuz for the rest of the ceasefire, which expires next Tuesday.
- It's unclear if ships will brave the narrow waterway, given the uncertain conditions and threat of Iranian mines.

🇮🇱 Trump also said the deal will "make Israel safe" and stressed that "Israel is going to come out great" at the end of the war.
- At the same time, he made clear he wants Israeli strikes on Lebanon to end: "Israel has to stop. They can't continue to blow buildings up. I'm not gonna allow it."
Some in the Israeli government oppose a deal and want to continue the wars in Iran and in Lebanon — though that likely won't be possible without Trump's approval.
2. 📈 Fastest-growing names

The country's 10 fastest-growing last names are all predominantly Asian, Alex Fitzpatrick and Erin Davis report from new census data.
- Meanwhile, six predominantly Hispanic last names have joined the top 15 since 2000: Garcia, Gonzalez, Hernandez, Lopez, Martinez and Rodriguez.
📝 The data reflects cases where most people with a particular last name self-identified with a single race or origin on their census forms.
- The Census Bureau explains: "For example, 'Garcia' is a predominantly Hispanic last name because 91% of the people named Garcia chose Hispanic in their response."


🍲 The numbers illustrate the ever-changing makeup of the American melting pot, fueled partially by immigration trends.
There are some constants, though.
- Eight last names were in the top 15 both in 2020 and in the very first census, way back in 1790: Brown, Davis, Johnson, Jones, Miller, Smith, Williams and Wilson.
3. ⚡️ Catch me up

- ⚾️ The San Diego Padres are close to being sold to private equity billionaire José E. Feliciano and his wife Kwanza Jones in a deal valuing the team at a record $3.9 billion, The Wall Street Journal reports. Gift link.
- Justin Fairfax, the former Virginia lieutenant governor who police say killed his wife and then himself this week, was recently ordered by a judge to move out by the end of the month. Get the latest.
- 📺 The owner of home shopping network pioneer QVC filed for Chapter 11 bankruptcy protection amid consumers' shift to buying items on digital platforms like TikTok. Go deeper.
4. 🏛️ 1 for the road: Arches all the way down

A federal arts commission approved President Trump's proposed 250-foot "Triumphal Arch" in Washington, D.C., yesterday, Axios D.C.'s Cuneyt Dil reports.
- But the head of the commission, Rodney Mims Cook Jr., wonders: Why not three arches?
In a new Washington Post interview, Cook Jr. said two more arches should be built: one near the Frederick Douglass Memorial Bridge, and another near the John Philip Sousa Bridge.
- "I think the president should do three," Cook said, adding: "He wants to complete the L'Enfant plan. No one has." Gift link.
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