North Korean leader Kim Jong-Un with his army. Photo: STR/ KCNA VIA KNS/AFP/Getty Images

North Korean state news agency KCNA says leader Kim Jong-un "expressed satisfaction" after overseeing the test-fire of a newly developed large-caliber multiple rocket launcher system.

The big picture: KCNA's report on Thursday morning local time contradicts South Korea's Joint Chiefs of Staff's assessment that Pyongyang had fired 2 short-range ballistic missiles off its eastern coast in the incident early Wednesday.

Why it matters: This was the second such test in a week. President Trump has repeatedly downplayed North Korea's missile tests since meeting Kim last month. Pyongyang is angry over planned U.S.-South Korean military drills and may be trying to press the United States for negotiation concessions, AP notes.

What they're saying: National Security Adviser John Bolton told Fox Business' " Lou Dobbs Tonight," "The firing of these missiles don’t violate the pledge that Kim Jong-un made to the president about intercontinental-range ballistic missiles."

Go deeper: Ignoring North Korean missile tests could hamper nuclear talks

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BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.