Apr 9, 2018

Axios PM

By Mike Allen
Mike Allen

Situational awareness: The FBI raided Trump lawyer Michael Cohen's offices today, the NYTimes reports. Materials seized included records of payments to Stormy Daniels, and "communications between Mr. Trump and Mr. Cohen."

1 big thing: Zuckerberg spoiler alert

Mark Zuckerberg will say he's sorry during testimony to Congress on Wednesday, according to prepared remarks released today by the House Energy and Commerce Committee:

"We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry. I started Facebook, I run it, and I’m responsible for what happens here." [Read his full remarks]

Zuckerberg was also on Capitol Hill today in advance of his testimony, creating a minor media circus, Axios' David McCabe reports.

Why it matters: This collision of Big Tech with Capitol Hill began over concerns of fake news and Russian interference. It now also stretches to broader data privacy concerns.

The bottom line: Most criticisms of Facebook's overall business model — which harvests user data for ad targeting — could be applied to Google and Twitter, too. They won't be spared from having to answer similar questions.

Go deeper: More from McCabe on Capitol Hill applying pressure to Big Tech

2. What you missed

Refugees from the Democratic Republic of Congo queue for registration after arriving in Nsonga, Uganda. Photo: Jack Taylor/Getty Images

  1. President Trump says he will make a decision in the next 24 to 48 hours on how to respond to the "heinous" chemical attack over the weekend in Syria's eastern Ghouta region, saying "everybody’s gonna pay a price." Go deeper.
  2. Total deficit spending will increase by $11.7 trillion over the next 10 years, according to a new report released today by the Congressional Budget Office. Chart.
  3. Novartis plans on acquiring AveXis, a biotech company with a product that aims to treat a genetic spinal disorder, for $8.7 billion. The big picture.
  4. Several hundred National Guard troops are headed to the border in cooperation with requests from President Trump and Defense Secretary Jim Mattis. The legal limitations.
  5. Aluminum prices are rising following the Trump administration's sanctions on Russian aluminum giant Rusal last week. Shares in the company were down 50% today.
3. 1 sign of the times

"Over the past five years, about 125,000 teachers, counselors and administrators across the country have been trained in stemming blood loss... The effort is rapidly expanding," the AP's Scott McFetridge reports.

Mike Allen