Seth Perlman/AP

The Trump administration's new school lunch proclamation reverses regulations from one of Michelle Obama's signature programs.

  • Michelle's plan: The USDA set standards for the amount of calories, fat, and sodium found in the National School Lunches programs across the country, and required more whole grains, fruits, veggies, and nonfat milk options.
  • What's changing: Agriculture Secretary Sonny Perdue announced a rollback of these regulations beginning next school year. Schools will be allowed to serve 1% milk, opt out of whole-grain products, freeze sodium levels as they stand, and have more control over their cafeteria options.
  • Why? The administration believes that these healthier options are leading to more waste, as kids don't want to eat them.
  • What they're saying: "Just because children would rather eat heavily salted, processed foods at school doesn't mean they should," argued Ken Cook, president of Environmental Working Group.

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Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 2 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).