Jan 4, 2017

Tillerson’s $180 million payday

The feds blessed a $180 million retirement package for former Exxon CEO Rex Tillerson, just ahead of his confirmation battle to become Trump's Secretary of State.

Why it matters: If he hadn't cashed out his Exxon stake, he would've been tied to the company for hundreds of millions of dollars, similar to the way Cheney was tied to Halliburton. This deflated that concern. He still faces a tense debate about his cozy relationship with Putin.

Between the lines

  • Forfeits $11 million in Exxon stocks and bonuses
  • Prohibited from working in industry for 10 years

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Coronavirus cases jump in South Korea and Italy

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. South Korea's confirmed cases jumped from 204 on Friday to 433 on Saturday, while Italy's case count rose from 3 to 62 as of Saturday.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 1 min ago - Health

Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."

Situational awareness

A combine in Rippey, Iowa harvests soybeans in October 2019. Photo: Joe Raedle/Getty Images

Catch up on today's biggest news:

  1. U.S. soybean stockpiles expected to drop as exports rebound, USDA says
  2. Warren Buffett releases annual letter, reassures investors about future of Berkshire Hathaway
  3. Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins
  4. Reports: Facebook offers up to $5 for voice recordings
  5. Greyhound bars immigration sweeps