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The Pakistani government held an emergency security meeting on Tuesday in response to President Donald Trump accusing the country of "lies and deceit" in an early morning New Year's Day tweet, per CNN. Pakistan also on Monday summoned the U.S. ambassador David Hale, per Reuters.

The backdrop: The White House considering whether to give Pakistan $255 million in military aid it has withheld in August out of frustration over what it has characterized as Islamabad's unwillingness to crack down on terror groups, The New York Times reported last week. U.S. aid to Pakistan totals $33 billion since 2002. In a Times op-ed last week, Secretary of State Rex Tillerson called on Pakistan to contribute more by combating terrorist groups on its own soil, adding that the country must "demonstrate its desire to partner with us."

The Trump tweet:

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent. 

3 hours ago - Health
Axios Investigates

Documents reveal the secrecy of America's drug pricing matrix

Illustration: Aïda Amer/Axios

American businesses spend hundreds of billions of dollars a year on prescription drugs, and the bills keep getting bigger. But some of the companies promising to help rein in those costs prevent employers from looking under the hood.

Why it matters: Documents provided to Axios reveal a new layer of secrecy within the maze of American drug pricing — one in which firms that manage drug coverage for hundreds of employers, representing millions of workers, obscure the details of their work and make it difficult to figure out whether they're actually providing a good deal.

Congress' chip-funding pause raises alarms

Illustration: Aïda Amer/Axios

Despite bipartisan support in the Senate, a plea by the Commerce Secretary and growing desperation from industry officials, Congress still can't get a key bill that funds the U.S. chip business over the finish line.

Why it matters: With the global chip shortage continuing to crimp the economy, the semiconductor industry has ramped up pressure for funding of U.S.-based manufacturing facilities as one remedy.

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