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Missiles displayed in North Korea in a photo released by North Korea's official Korean Central News Agency (KCNA). Photo: STR / AFP / Getty Images

North Korea has plans to parade dozens of long-range missiles during a parade on the day before the Olympics is set to start, CNN’s Will Ripley and Joshua Berlinger report, citing diplomatic sources.

Context: The parade is on February 8th, North Korea's military anniversary.

  • The parade is expected to include Hwasong-15 missiles, which the North just tested for the first time last November, per the sources.
  • The sources didn’t rule out a missile test from the North “in the near future” to send a message to the U.S. as well.
  • North Korea has proposed reunification with South Korea and they plan to walk together during the Olympics. But all diplomatic breakthroughs should be taken with a grain of salt since North Korea’s track record of openings is often followed by increased tensions.

Go deeper: How North Korean diplomacy fails

Go deeper

Caitlin Owens, author of Vitals
2 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.