Paul Manafort. Photo: Mark Wilson/Getty Images

New York County District Attorney Cyrus Vance Jr. is prepared to file tax charges against Paul Manafort in the event that he is pardoned by President Trump for his conviction in the Mueller investigation, Bloomberg reports, citing two sources familiar with the matter.

Why it matters: Trump has not ruled out a presidential pardon for his former campaign chairman, who is set to be sentenced — and could face at least 19 years in prison — in Virginia on March 8 and D.C. on March 13. Vance has reportedly been investigating Manafort since 2017, months after he was charged for tax and financial fraud by the special counsel. Bloomberg notes, however, that laws that prevent defendants from being charged twice for the same crime could make the case difficult to prosecute.

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Felix Salmon, author of Capital
Updated 18 mins ago - Economy & Business

Trump risk rises for companies

Illustration: Aïda Amer/Axios

Donald Trump fancies himself a businessman — and has given himself a central role in determining the conduct and even the existence of major companies both domestic and foreign.

Why it matters: America has historically been a great place to operate a company under the rule of law, and not be beholden to political whim. Those days seem to be over — at least for companies in the communications industry.

Ben Geman, author of Generate
Updated 18 mins ago - Energy & Environment

China's split personality on climate

Illustration: Sarah Grillo/Axios

A new insta-analysis of China's vow to achieve "carbon neutrality" before 2060 helps to underscore why Tuesday's announcement sent shockwaves through the climate and energy world.

Why it matters: Per the Climate Action Tracker, a research group, following through would lower projected global warming 0.2 to 0.3°C. That's a lot!

Kayleigh McEnany: Trump will accept "free and fair" election, no answer on if he loses

White House press secretary Kayleigh McEnany said Thursday that President Trump will "accept the results of a free and fair election," but did not specify whether he will commit to a peaceful transfer of power if he loses to Joe Biden.

Why it matters: Trump refused to say on Wednesday whether he would commit to a peaceful transition of power, instead remarking: "we're going to have to see what happens."

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