Jan 30, 2017

The bottom line on Trump's draft cyber order

Charley Snyder and Michael Sulmeyer have a look on Lawfare at a draft executive order reported by the Washington Post on Friday that would trigger different reviews related to cybersecurity policy. They call it a "reasonable start" but say they think it shows a certain lack of coordination on the issue:

"At its core, this order loosely follows a traditional formula to estimate risk: assess the threat from adversaries, your vulnerability to that threat, and the consequences if the vulnerability is exploited. In essence, the Administration wants to get a better idea of our nation's vulnerabilities and the threats it faces and to determine what tools we might have at our disposal to protect critical infrastructure from those adversaries. "

What isn't in the draft: A nod at the international implications of cybersecurity, a discussion of the FBI's role and "consideration of broader criminal and legal issues."

Why this matters: The relevance of cybersecurity to the highest levels of government have only grown in the last year, with high profile hacks affecting major corporations and political players alike. Trump has tapped Rudy Giuliani to advise him on cybersecurity issues.

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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.