Trump 101: The producer of his own epic film - Axios
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Trump 101: The producer of his own epic film

President Trump doesn't view life through the lens that most people do. In ways small and sweeping, he sees himself as The Producer, conducting The Trump show, on and off stage.

This is the man who noted the movie-like awesomeness of Marine One taking off on Inauguration Day, moved a lamp that might mess up photos of himself with British Prime Minister Theresa May, and scolded his press secretary for not wearing a stark suit that pops on TV.

This is the man who was captivated by watching coverage of himself while flying between campaign stops. Aides quit trying to show him tapes of previous debates while getting ready for the next one, because he would only focus on himself — and always applauded what he saw. Chuck Todd, moderator of "Meet The Press," noted that Trump used to replay his appearances on the Sunday shows — without sound — like a quarterback reviewing game film. "He's a very visual guy," Todd said on a Politico podcast. "He thinks this way. And look, it's an important insight in just understanding him."

This is also the man who, when picking his Cabinet, was obsessed with whether a candidate "looked the part." Mitt Romney looked like a secretary of State, so his stock rose. He went with the more commanding Rex Tillerson. Gary Cohn, Trump's swaggering economic adviser, was an instant hit because he carried himself like someone to reckon with, aides told us.

Trump remarked to aides how short retired Gen. David Petraeus was, but was smitten with the John Wayne strut of "The Generals" he wound up picking — especially retired Gen.James Mattis (stage name: "Mad Dog"). A witness recalled Trump being introduced at a campaign to a veteran of the International Space Station, who resembled a young John Glenn. Trump exclaimed: "You LOOK like an astronaut!"

Let's be honest: Trump's gut on what sells on stage often works. He knew instinctively how to to appeal to the celebrity- tabloids in the '80s, sell America on "The Apprentice," starring him, beginning in 2004, and own the national and world stage for most of 2015, all of 2016, and at least the next four years.

His obsession with optics, style and TV glam are central to his being. Here are some gems we picked up reporting this:

  • Trump judges men's appearances as much as women's. A source who's worked with Trump explains: "If you're going to be a public person for him, whether it's a lawyer or representing him in meetings, then you need to have a certain look. That look —at least for any male — you have to be sharply dressed. Preferably, I would say, solid colors. … You should have a good physical demeanor, good stature, hair well groomed."
  • Trump pays close attention to ties. Says a source who has worked with Trump: "You're always supposed to wear a tie. If it's not a Trump tie, you can get away with Brooks Brothers. But I'd suggest Armani." Trump prefers wider, traditional ties, this source says. Regarding Trump's rakish policy adviser Stephen Miller, the source adds: "I've always been surprised about how Stephen Miller survives with those thin ties."
  • Trump likes the women who work for him "to dress like women," says a source who worked on Trump's campaign. "Even if you're in jeans, you need to look neat and orderly." We hear that women who worked in Trump's campaign field offices — folks who spend more time knocking on doors than attending glitzy events — felt pressure to wear dresses to impress Trump.
  • Staff knew Trump would be hacked off at press secretary Sean Spicer for not dressing fancy enough for his first briefing-room appearance. "It'd be one thing to wear a pinstripe that fit him perfectly," said one person who has spent a lot of time with Trump. "But, it was like, he had a gap in his collar. I was like, 'Oh God, he's going to get reamed.'"
    • "I was getting text messages: Can you believe what he's wearing?" the person continued. "Four people texted me, because we know the boss. … Trump is very much about: Present yourself in the best light. If you're going to represent him, even more so." Spicer seems to have learnt his lesson. Since then, he's only appeared in well-tailored dark suits, coupled with perfectly knotted ties.
  • One exception: Steve Bannon, who wouldn't be caught dead in Armani and has been photographed in the Oval Office without a tie, gets a pass. A source explains: "Steve is Steve ... He's cavalier almost about what he wears."

Why this matters: Over many years at "The Apprentice," Trump perfected the image of a decisive boss — a successful, brutal, but sometimes charming, authoritarian. Trump's mastery of imagery — particularly through television — is perhaps, more than any other factor, the reason he's the current occupant of the Oval Office.

It's also why he was so effective connecting with his audience and winning free media coverage. Whatever ideas his aides may have up their sleeves, Trump is always going to want to be The Producer and the popular leading man of the Trump Show.

It's not the polls. It's the ratings.
— President Donald J. Trump

Previously, on Trump 101:

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S&P 500 performance by Fed chair

The S&P 500 has now risen by 36.7% while Janet Yellen has been chair of the Federal Reserve, besting the 36.1% performance under predecessor Ben Bernanke. But both are well short of either Paul Volcker or Alan Greenspan. None of these folks has responsibility for public equities performance, but they do lead American monetary policy that impacts the global economy.

Source: S&P Global Intelligence/Yahoo Finance/Axios

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Startup raises $38 million to transplant pig organs into people

AP Photo/Alexandre Meneghini

eGenesis, a Cambridge, Mass.-based xenotransplantation startup, today announced that it has raised $38 million in Series A funding. Biomatics Capital and ARCH Venture Partners co-led the round, and were joined by Khosla Ventures, Alta Partners, Alexandria Venture Investments, Heritage Provider Network, Berggruen Holdings North America, Uprising and Fan Ventures.

Why it's a big deal: Because "xenotransplantation" is a process by which you take the organs of one species (i.e. pigs) and putting them in another species (i.e. humans). Obviously this isn't just a cut-and-paste job, which is why eGenesis is using CRISPR gene editing tools to modify the pig organs. It's also worth noting that eGenesis isn't the only company working in this space.

Bottom line: "This pig may save your bacon." -- slogan on eGenesis t-shirts

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Scott Gottlieb's biz partner discusses new FDA nominee

Scott Gottlieb (left)

(AP Photo/Harry Hamburg, File)

President Trump recently nominated Scott Gottlieb, a venture partner with New Enterprise Associates, to lead the U.S. Food and Drug Administration (FDA). This isn't terribly surprising, as we had previously noted that Gottlieb was the front-runner in a process that also included a pair of other folks with venture capital credentials (Jim O'Neill of Peter Thiel's Mithril and former Andreessen Horowitz partner Balaji Srinivasan).

Axios spoke with with David Mott, the former MedImmune CEO who now leads NEA's healthcare investing practice, for some thoughts on Gottlieb:

Selling point: Mott argues that Gottlieb was the best person for the job because he has a "360 degree" view of the healthcare system, given that he is a practicing physcian, has worked with healthcare entrepreneurs and investors via NEA, has been a paid consultant to big pharma, has worked in a medical academic institution, has past FDA (and CMS) experience and is a cancer survivor. In short, he understands the pressures each group is under.

On conflicts: "Yes, he's been paid by drug companies and been on startup boards in the past, but he won't be going forward... He will help set direction, but he's not going to be the person overseeing a review, say, of an NEA portfolio company's product." Mott adds that Gottlieb does not have carried interest in NEA funds, and that there already have been discussions of how to manage/sever any other economic ties to NEA (although he declined to provide details).

In general: Mott agrees with many other healthcare VCs that the FDA approval process for both medical devices and pharma has improved substantially over the past several years, and he expects Gottlieb to keep moving such improvements forward. He also is pleased that the GOP healthcare plan (which he has not yet studied in detail) eliminates the so-called "medical device tax," which he believes had a "destructive impact on people's confidence in dedicating time, capital and resources to medical devices."

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Marathon sells muscular dystrophy drug following pricing outrage

Chris Potter / Flickr Creative Commons

Remember Marathon Pharmaceuticals? The drug company that received federal approval last month for an old drug to treat the rare Duchenne muscular dystrophy disorder, and then set the annual list price at $89,000 that incensed the public? Well, it's passing the controversy off to another company.

Marathon said Thursday it was selling deflazacort (brand name Emflaza) to PTC Therapeutics for $140 million and royalty payments of at least 20% of sales. Marathon could also gain a one-time $50 million bonus based on sales.

Deflazacort is available outside the United States for less than $2,000 per year. PTC, which has been working on a separate Duchenne product, said they would "re-examine" the newly acquired drug's price — far from a certainty that the price will be lowered.

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Pentagon to workers: Don't stream March Madness

The Defense Department e-mailed workers imploring them not to use network bandwidth to stream the NCAA men's basketball tournament, which begins today.

"Please keep in mind; if you're streaming video to watch your favorite player shooting free throws, you're consuming network resources that could be served to support the Warfighter," according to an email obtained by CBS News.

Why it matters: While non-work tasks are a big issue throughout the year, March Madness is a notorious drain on corporate networks in and out of government.

Dear rebellious Pentagon employees: You can stream all the games from here.

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Paul Ryan: "no such wiretap existed" on Trump Tower

During his weekly press conference, Paul Ryan stated that yesterday's Gang of 8 intelligence briefing confirmed that no wiretapping of Trump Tower had occurred. Check out his full response:

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Ryan on Trump: Working "hand in glove" on health care

House Speaker Paul Ryan is trying to kill the storyline about divisions between him and President Trump, insisting they're working together on the Obamacare replacement bill and that Trump is helping him "bridge gaps" among House Republicans. "The president of the United States has been the one who's been mediating this," Ryan said, calling Trump "unorthodox" but "very constructive" as he has negotiated with conservative Republicans and other holdouts. He also noted that Trump "likes closing deals."

"We are clearly in sync on this. We are working hand in glove on this."

Between the lines: It's Ryan's way of acknowledging that Trump has been pushing for more concessions than Ryan originally wanted to make, which has been the conservatives' main complaint. Ryan also said Republicans are "making great progress and great strides on getting a bill that can pass" — a subtle admission that they're not there yet.

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Merkel calls Xi ahead of her Trump visit

Markus Schreiber / AP; Ng Han Guan / AP

Handelsblatt reports that German Chancellor Angela Merkel called up Chinese President Xi Jinping before flying to Washington to meet with President Trump tomorrow.

Merkel and Xi hope to find some common economic ground — especially when it comes to dealing with President Trump — before July's G20 summit in Berlin, per Handelsblatt's sources. The two leaders are leading proponents of globalization in direct opposition to Trump's distaste for free trade.

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More than 600 companies want to build Trump's wall

Christian Torres / AP

More than 600 businesses are bidding to build President Trump's border wall — including one from Mexico — reports CNBC. Most of the companies submitting their design concepts are based in California and Texas. Maine and Vermont are the only two states that didn't have any businesses apply.

Customs and Border Patrol has also extended the deadline for these initial applications several times, noting that "industry interest has been high."

Note: CBP is expected to release two formal requests for a proposal soon: one which will focus on a concrete wall and another for other types of barriers. The Federal Budget, released this morning, calls for $1.5 billion to be allocated to the wall in FY17, and $2.6 billion in FY18.

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House Budget Committee sends health bill forward with one GOP vote to spare

The House Budget Committee advanced the House health care bill to the Rules Committee Thursday morning. Three Republicans voted against the measure, only one short of the four "no" votes it would have taken to block it.

The Republicans voting no:

  • Rep. Dave Brat
  • Rep. Mark Sanford
  • Rep. Gary Palmer