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The Trump administration has "started returning" U.S. troops from Syria after a determination that it has "defeated the territorial caliphate" of the Islamic State, or ISIS, according to a statement from White House press secretary Sarah Sanders. She added that the country stands "ready to re-engage at all levels to defend American interests whenever necessary."

The big picture: Sanders' announcement comes after multiple media outlets reported that President Trump decided to pull all U.S. troops from Syria and the president tweeted that defeating ISIS was "the only reason" to have U.S. troops on the ground. More than 2,000 American military personnel are currently there. Leaving Syria after ISIS' defeat has previously been championed by Trump. He issued a surprise announcement back in March — much to the chagrin of many of his closest aides and later publicly softened — that U.S. personnel would leave the country "very soon."

Sanders' full statement:

"Five years ago, ISIS was a very powerful and dangerous force in the Middle East, and now the United States has defeated the territorial caliphate. These victories over ISIS in Syria do not signal the end of the Global Coalition or its campaign. We have started returning United States troops home as we transition to the next phase of this campaign. The United States and our allies stand ready to re-engage at all levels to defend American interests whenever necessary, and we will continue to work together to deny radical Islamist terrorists territory, funding, support, and any means of infiltrating our borders."

Go deeper

6 mins ago - Technology

3D printing's next act: big metal objects

Chief Scientist Andy Bayramian makes modifications to the laser system on Seurat's 3D metal printer. Photo courtesy of Seurat Technologies.

A new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and carbon footprint of mass manufacturing.

Why it matters: 3D printing — also called additive manufacturing — has been used since the 1980s to make small plastic parts and prototypes. Metal printing is newer, and the challenge has been figuring out how to make things like large car parts faster and cheaper than traditional methods.

Rising rates may hammer the stock market

Illustration: Sarah Grillo / Axios

Stocks are much more vulnerable to interest rate swings than they used to be.

Why it matters: A sharp rise in rates in early 2022 is the key reason the stock market is off to an ugly start. And with the Federal Reserve making noise about trying to keep inflation in check, rates could go higher.

Ina Fried, author of Login
51 mins ago - Technology

Microsoft's Activision Blizzard deal complicates Big Tech regulation

Illustration: Megan Robinson/Axios

Microsoft's surprise $68 billion deal to buy Activision Blizzard is adding a fresh twist to the heated debate over which tech companies have monopolies that need to be reined in.

The big picture: The deal could force a question the company has happily ducked for a decade: whether its size and power make it just as deserving of regulatory scrutiny as its Big Tech rivals.