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It's been a busy week, let's review.

Unsupported embed type

TECH / BUSINESS

Snap grows up: Snap shares opened trading Thursday on the New York Stock Exchange at $24 per share, which is a 41% premium to the $17 per share IPO price. In early trading the stock is climbing even higher. So far, so good. The LA-based "camera company" raised $3.4 billion at around a $24 billion valuation. Now, they just have to keep an eye on their growing competitor, Snow.

HEALTH

Obamacare drama: Some conservative Republicans — like Rand Paul, Ted Cruz and co. — aren't happy with the Obamacare replacement plan so far. They worry it will end up a mere "Obamacare lite." Thursday, Paul led a hunt for the "secret repeal bill," which was being stored somewhere in the Capitol. Friday, the new draft leaked, but there were very few changes from the first draft. Conservatives aren't likely to be satisfied with this version either.

POLITICS

The good: Trump gave his address to Congress Tuesday night, and although some argue he's graded on a curve, he crushed it. We saw a different Trump. He stuck to his teleprompter, honored the Navy Seal who lost his life in Yemen, addressed racial hatred and left out a lot of his usual fear tactics.

The bad: But the good doesn't last in politics, and two days after Trump's speech, there was more Russia drama. Come to find out via intelligence info left behind by Obama's administration, Attorney General Jeff Sessions had met with the Russian Ambassador twice last year. The problem is, he swore he hadn't spoken with the Russians during the campaign at his confirmation hearings. Sessions recused himself from the Russia investigation, but some Dems don't think that's good enough — they want him to resign.

Go deeper

Updated 3 hours ago - World

North Korea claims latest missile test new weapon launched from submarine

North Korean state media claims the country's military fired this missile on Tuesday. Photo: Korean Central News Agency

North Korean state media announced that a detected ballistic missile launch off its east coast on Tuesday was a newly developed weapon test-fired from a submarine.

Why it matters: Pyongyang's latest in a series of recent missile launches into the sea happened hours after U.S. officials emphasized their commitment to restart negotiations on North Korea's nuclear weapons program, which have stalled since talks broke down during the Trump administration, AP notes.

5 hours ago - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.

The China whisperer

Nick Burns. Photo: Chen Mengtong/China News Service via Getty Images

President Biden's nominee for ambassador to China will face aggressive questioning Wednesday about the most important, and potentially perilous, bilateral relationship in the world.

Why it matters: While Nick Burns is an experienced diplomat with support on both sides of the aisle, lawmakers want to use his confirmation hearing to force the administration into some tough positions on China.