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Jim Lo Scalzo / AP

In the first restrained — dare we say conventional — speech of his lifetime, Donald Trump delighted Republicans, disarmed critics (at least for a night) and left anyone who doesn't waste their day on Twitter with the impression of quick accomplishments and big, easily doable things ahead.

Bloomberg View calls it "Trump's teleprompter triumph."

  • The strategy: It was a savvy, unexpectedly deft clean-up of everything from the botched travel ban to his delays in confronting race- or religious-based violence. Most of the speech could have been delivered by Paul Ryan (who tweeted that it was "a home run"). It buys Trump a lot of wiggle room in the months ahead — and that was the strategic aim of the speech.
  • Why it matters: Wobbly Republicans, many of whom were and remain deeply suspicious of the president, now have something normal, possibly popular to grab hold of. Success - or the appearance of success - in politics washes away many sins.

With Trump officials basking in the reviews, the White House told reporters that the new executive order on migrant travel — scheduled for release today — was being delayed.

  • The reasoning: "We want the EO to have its own 'moment,'" a senior administration official told CNN's Jeremy Diamond. The official didn't say positive reviews were the only reason for delay — but didn't deny it was part of the calculus.

The pundits rolled over for a big ole belly scratch: Flipping around the networks' postgame coverage, the praise was almost completely unleavened by reality checks about Trump's track record or the minefields awaiting his agenda. I suddenly realized the incredible honeymoon Trump could have had if had played his cards even slightly differently.

  • CNN's Van Jones, former green jobs adviser to President Obama: "He did something tonight that you cannot take away from him: He became president of the United States."
  • Savannah Guthrie: "loose and conversational."
  • Nicolle Wallace on NBC: "the best speech of his political career -- his short political career. ... It felt like an intervention had taken place."
  • ABC's George Stephanopoulos: "The president has broken the mold in so many ways [but this was] quite a traditional structure."
  • CBS's John Dickerson: "using all the rhetorical and symbolic tools at his disposal."

The big question: Will the tone and the aura last? Even a full day? Today is Ash Wednesday, the beginning of Lent. What will Trump give up?

But don't forget: Trump has proven to be a recidivist in the past. One close Trump-watcher warned us that last night's Reaganesque statesman is the same man: "He is a performer and his director(s) told him he is playing a different character tonight. It worked."

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Go deeper

3 hours ago - Health

Pfizer says COVID vaccine over 90% effective in kids

A health care worker preparing a Pfizer-BioNTech coronavirus vaccine dose in New York City on Oct. 21. Photo: Michael M. Santiago/Getty Images

Pfizer and BioNTech said their COVID-19 vaccine was more than 90% effective at protecting children between the ages of 5 and 11 from symptomatic infections from the virus, according to a study posted online by the Food and Drug Administration Friday.

Why it matters: Pfizer is seeking an emergency use authorization to vaccinate children — one of the last groups of Americans still largely ineligible to receive a coronavirus vaccine.

Changing the inflation conversation

Illustration: Annelise Capossela/Axios

Inflation looks like it’ll run hot for longer than plenty of smart people thought it would. The conversation over just how much more Americans will have to pay for their stuff has taken on a new intensity, as supply problems show few signs of fading.

Why it matters: The rate of price growth has remained consistently strong in recent months — a time that some thought would bring cooling prices after an initial reopening spike. What goes on with prices will influence the decisions made by Congress, the Biden Administration, and the Federal Reserve.

The biggest headline from Biden's town hall

President Biden greets attendees during a commercial break in Baltimore last night. Photo: Nicholas Kamm/AFP via Getty Images

What matters from President Biden's town hall with CNN's Anderson Cooper at Baltimore Center Stage on Thursday:

The biggest headline: Biden is jettisoning the corporate tax increases that White House officials have insisted, for the past 10 months, are wildly popular across the country. He admitted he doesn't have the votes.