Evan Vucci / AP

Ten days before President Trump took office, Michael Flynn helped delay a Pentagon plan to attempt to retake the ISIS stronghold of Raqqa, McClatchy reported Wednesday night. The plan was opposed by Turkey, which had previously paid Flynn for lobbying work.

  • How it reportedly happened: Then-national security advisor Susan Rice approached Flynn about having Trump sign off on the plan, which was to utilize Syrian Kurdish forces and be executed under Trump's administration. Flynn told her to hold off, without consulting anyone else on the transition team and without any explanation
  • Flynn was already under federal investigation for his undeclared lobbying on behalf of Turkey. The NYT reported Wednesday that Trump's team was aware of that investigation.
  • Why it matters: Per McClatchy, some in Congress have privately accused Flynn of treason. This could also complicate matters further for Trump, who reportedly asked James Comey to back off the Flynn investigation.

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Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 2 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).