Apr 12, 2017

Syria claims other countries conspired in chemical attack

Mary Altaffer / AP

The Syrian Ambassador to the UN claimed Wednesday during a Security Council session that the deadly chemical weapons attack on April 4 was part of a conspiracy, "planned in capitals all over the world," to "put the blame on the Syrian government."

He also said the government had invited the Organization for the Prohibition of Chemical Weapons (OPCW) to Syria to investigate the attack: "The Syrian government wants to know who used the chemical agent in Syria."

What's next: The Security Council reconvenes at 3PM ET to vote on a draft resolution calling on Syria to provide UN investigators access to aircraft and airbases as well as flight plans from the day of the attack.

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.