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Photo: Robert Alexander via Getty Images

Corporations in the Trump era have not faced the same level of policing by the Securities and Exchange Commission and the Justice Department that they did under the Obama administration, an investigation by the New York Times has revealed.

The big picture: Government data shows that across the board, there has been a sharp decline in financial penalties against banks and corporations accused of misconduct. According to the Times, this mirrors the Trump administration's approach to rolling back regulations and belief that corporate penalties "unfairly punish a company’s shareholders for the misconduct of employees."

By the numbers: In the first 20 months of the Trump administration, compared to the last 20 months of the Obama administration ...

  • SEC penalties and illicit profits returned dropped from $5 billion to $1.9 billion, a decline of 62%.
  • Penalties from the Justice Department's criminal prosecutions dropped from $14.15 billion to $3.93 billion, or 72%.
  • The Justice Department brought just 17 cases of misconduct by the banking industry, down from 71.

Go deeper:

Go deeper

Twitter to label COVID-19 vaccine misinformation, implement strike policy

Photo: Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images

Twitter announced Monday that it will label tweets with potentially misleading information about COVID-19 vaccines, and introduce a strike system that can lead to permanent account suspension.

The big picture: Tech companies are taking an increasingly aggressive stance against users who attempt to share misleading information about COVID-19 vaccines on their platforms.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: Trump, Melania received COVID vaccine at White House in January — CDC director warns "now is not the time" to lift COVID restrictions.
  2. Vaccine: J&J CEO "absolutely" confident in vaccine distribution goals Most states aren't prioritizing prisons for COVID vaccines — Vaccine hesitancy is shrinking.
  3. Economy: Apple says all U.S. stores open for the first time since start of pandemic — What's really going on with the labor market.
  4. Sports: Poll weighs impact of athlete vaccination.
  5. World: Italy tightens restrictions as experts warn of growing prevalence of variants — PA announces new COVID restrictions as cases surge.
  6. Local: Colorado sets timeline for return to normalcy.
Updated 4 hours ago - Politics & Policy

Trump received COVID vaccine at White House in January

Photo: Noam Galai/Getty Images

Former President Trump and former first lady Melania Trump were both vaccinated at the White House in January, a Trump adviser tells Axios.

Why it matters: Trump declared at CPAC on Sunday that "everybody" should get the coronavirus vaccine — the first time he's encouraged his supporters, who have been more skeptical of getting vaccinated, to do so.

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