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Evan Vucci / AP

None of the oil industry execs gathered in Houston have been as overtly political or rah-rah-rah about Donald Trump as Harold Hamm. The billionaire fracking magnate opened a session about North American drilling by declaring Trump "unique in the political world because he keeps his promises."

For the industry overall, the vibe about the Trump era is that it will be positive for their business, but there's a few things that worry them too. Here's what they're psyched about:

  • Trump's promises — and the early evidence — of easier, quicker permitting for pipelines and other infrastructure.
  • The zeal of Trump and the GOP Congress to pull back on Obama-era regulations. But that said, number of analysts have emphasized in interviews that market fundamentals have way, way more to do with drilling and production decisions than regulations.

What they're concerned about:

  • Trade. Trump's protectionism could be a problem for an industry with global supply chains and, for some companies, a global footprint too.
  • The shape of the planned tax overhaul. They want lower rates but they're wary of, if not downright hostile to, the border adjustment tax. "I want to see the U.S. become more competitive, not burdening imports," Chevron CEO John Watson said onstage.

Go deeper

Behind GameStop's latest stock surge

Illustration: Aïda Amer/Axios

Back in focus: The meme stock trade.

By the numbers: GameStop finished up 19%, after a wild day that saw shares spike as much as 80%.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 1 hour ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.