Axios

The Federal Communications Commission is steaming ahead with a proposal to ban some telecom equipment makers from a subsidized purchase program. 

Why it matters: The proposal, which the FCC is expected to put up for public comment Tuesday, affects companies that "pose a national security threat to America's networks." It's part of a Washington-wide effort to choke off Huawei and ZTE's access to the U.S. market over fears they are too close to the Chinese government.

Netflix stock beat Wall Street expectations for user growth and revenue in the first quarter of 2018, adding 7.41 million new subscribers to bring its total worldwide to 125 million.

The big picture: A strong Q4 had analysts and investors worried that the streaming giant wouldn't be able to recreate its blockbuster success. But Netflix plans to drop a whopping $7.5 billion to $8 billion on content for 2018, with executives forecasting that free cash flow will be roughly negative $3 - $4 billion in 2018. They expect this trend to continue for several years as they pour cash into original content.

Netflix stock was up over 7% in after-hours trading Monday, after the company announced that it beat Wall Street expectations for user growth and revenue, yet again. The company added 7.41 million new subscribers, compared to 6.4 million expected.

Why it matters: A strong Q4 had analysts and investors worried that the streaming giant wouldn't be able to recreate its blockbuster success, especially given that current competitors, like Amazon and Hulu, continue to grow while potential competitors, like Disney, are preparing to build rival services.

Amazon is suspending plans to sell and distribute prescription drugs and instead will continue to focus on "less sensitive" medical supplies, CNBC reports. Logistics and hospitals' current relationships forced Amazon to abandon its plans, although they could be revived.

The big picture: The thought of Amazon's cost-cutting tactics entering health care in a bigger way has routinely freaked out the industry, but it turns out health care is complicated. Stock prices of companies in the drug supply chain, like McKesson and CVS, shot up sharply on the news.

Now that Facebook survived its congressional onslaught, it's focusing its attention towards a much more powerful threat: the EU. 

Why it matters: The risk to Facebook’s business coming out of last week’s Mark Zuckerberg hearings is minimal. The threat to its business in the EU, where aggressive regulation has already passed, is massive.

Of all the environmental regulations President Trump is rolling back, the ones that make the most sense to rewrite — but not repeal — are the fuel-efficiency standards former President Obama issued in 2012.

The bottom line: That's the conclusion of independent experts, and it's driven by two significant changes we've seen since 2012: lower gasoline prices and the politics of a rushed Obama administration regulatory review.