May 30, 2019

Trudeau to raise abortion restrictions issue with Pence

Vice President Mike Pence and Canadian Prime Minister Justin Trudeau. Photo by Manuel Medir/Getty Images

Canadian Prime Minister Justin Trudeau told reporters Wednesday he plans to raise the issue of abortion restrictions with Vice President Mike Pence when Pence visits Canada this week to discuss the new North American trade deal.

"Obviously I am very concerned with the situation around the backsliding of women's rights that we're seeing from conservative movements here in Canada, in the United States and around the world. I will have a broad conversation with the vice president in which, of course, that'll come up."

Go deeper: Where abortion restrictions stand: The states that have passed laws

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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.