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Brendan Smialowski / AP

Russia planted a fake news report that contributed to the diplomatic crisis between Qatar and several of its neighbors, including Saudi Arabia and Egypt, CNN reports. Per CNN, the goal appeared to be to cause rifts between U.S. and key allies.

What Qatar says: The hack "undermines Qatar's reputation" and "does not support the unity of the region." The Qatari foreign minister said the FBI has confirmed that false comments attributed to its ruler were inserted into a May 23 article from its news agency. The comments were critical of Trump and favorable toward Iran.

Trump's role: He took credit for the diplomatic changes in tweets that also suggested Qatar was funding terrorism. The comments came despite the fact that Qatar hosts one of the largest U.S. military bases in the region.

The Kremlin has issued a denial, and the FBI, which reportedly sent a team to Qatar to investigate, declined to comment.

Go deeper

Federal Reserve expands lending program for small businesses

Federal Reserve Chairman Jerome Powell at a news conference in 2019. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

2 hours ago - Economy & Business

How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.