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AP Photo / Carolyn Kaster

Paul Manafort, Trump's former campaign manager, and his business partner Rick Gates, have been indicted by a federal grand jury as a result of Special Counsel Bob Mueller's Russia probe.

It involves 12 counts, per Peter Carr, a spokesman for the special counsel's office: conspiracy against the United States, conspiracy to launder money, unregistered agent of a foreign principal, false and misleading Foreign Agent Registration Act statements, false statements, and seven counts of failure to file reports of foreign bank and financial accounts.

Why it matters: This is the first indictment of Mueller's probe, and although it doesn't explicitly link a former Trump campaign associate directly to pro-Trump Russian collusion, it shifted the probe even closer to Trump and those close to him — and it negates Trump's claims that Mueller's work is simply a "witch hunt" with no basis.

Go deeper: Why Paul Manafort registered as a foreign agent, how Mueller's probe closed in on Manafort, and a look back at Manafort's Russia intrigue.

Editor's Note: Sign up for Axios newsletters to get our smart brevity delivered to your inbox every morning.

Go deeper

2 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.

The week markets went wild

Illustration: Lazaro Gamio

The markets just closed out a manic week.

Why it matters: Outsized — and in some cases historic — moves were evident across the board.