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.

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Nancy Pelosi: "I yearn for other Republican presidents"

House Speaker Nancy Pelosi (D-Calif.) called on President Trump Thursday to exercise "the full power" of the Defense Production Act to meet coronavirus equipment needs and accused him of engaging in a "massive dereliction of duty" by ignoring science during the pandemic.

What she's saying: "I yearn for other Republican presidents," Pelosi said at a press conference. "While we may have disagreed on many points, but at least we had a shared commitment to the governance of our country."

42 mins ago - Technology

T-Mobile debuts free robocall-fighting service

T-Mobile announced Thursday it will offer ScamShield, a free scam-blocking service to all T-Mobile, Metro and Sprint customers.

Why it matters: Robocalls remain the scourge of the industry, with billions of unwanted calls pummeling customers last year.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 13,589,273 — Total deaths: 584,990 — Total recoveries — 7,607,033Map.
  2. U.S.: Total confirmed cases as of 12 p.m. ET: 3,499,771 — Total deaths: 137,420 — Total recoveries: 1,075,882 — Total tested: 42,521,027Map.
  3. States: Georgia governor bans local governments from issuing mask mandates — Florida breaks single-day record with over 150 coronavirus deaths
  4. World: U.S., Canada and U.K. accuse Russia of trying to steal coronavirus vaccine research.
  5. Politics: RNC to restrict attendance at Florida convention amid coronavirus surge.
  6. Business: More than 32 million Americans are receiving unemployment benefits.