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President Trump told reporters on the South Lawn of the White House Thursday that China should launch an investigation into Joe and Hunter Biden, though he noted that hasn't yet asked Chinese President Xi Jinping to do so.

REPORTER: What exactly did you hope Zelensky would do about the Bidens after your phone call?
TRUMP: Well I would think if they were honest about it, they'd start a major investigation into the Bidens. It's a very simple answer. They should investigate the Bidens. Because how does a company newly formed and all these companies by the way, likewise, China should start an investigation into the Bidens. Because what happened in China is just about as bad as what happened with Ukraine. So I would say that President Zelensky, if it were me, I would recommend that they start an investigation into the Bidens. Because nobody has any doubt that they weren't crooked. That was a crooked deal 100%.

Why it matters: It's another instance of the president publicly calling for a foreign power to investigate one of his top political rivals. Trump is currently in the throes of an impeachment inquiry for doing exactly that with Ukrainian President Volodymyr Zelensky — something he admitted to but continues to argue is perfectly appropriate.

  • At a press conference on Wednesday, Trump refused to answer a question from a reporter about what exactly he was asking Zelensky to do about the Bidens. On Thursday, Trump told reporters: ”If they were honest, they would start a major investigation."

Context: Hunter Biden's business dealings in Ukraine have gotten plenty of press attention, but Trump and Rudy Giuliani have also promoted allegations that the former vice president's son made "millions" in China by leveraging his father's name.

  • In December 2013, Hunter Biden and one of his daughters accompanied Joe Biden to China on a diplomatic trip, according to the Washington Post Fact Checker. During the trip, Hunter helped organize a handshake between his father and business partner Jonathan Li, who was the CEO of a Chinese investment firm.
  • 12 days later, Hunter Biden joined the board of a private-equity fund created by Li and another of Biden's business partners called BHR. A lawyer for Hunter Biden tells the Post that the board "did not directly invest, but instead advised those who did."
  • The lawyer told the Post: "To date, Mr. Biden has not received any return or compensation on account of this investment or his position on the board of directors. The characterization of Mr. Biden as owning a $1.5 billion private equity firm funded by the Chinese, or suggesting that Mr. Biden has earned millions of dollars from the firm is a gross misrepresentation of Mr. Biden's role with BHR."

Go deeper ... Fact check: What Joe and Hunter Biden actually did in Ukraine

Go deeper

Austria approves COVID vaccine mandate for adults

A vaccination center installed at the Barbara Chapel of St Stephen's Cathedral in Vienna, Austria. Photo: Alex Halada/AFP via Getty Images

Austria's lower house of parliament voted on Thursday in favor of making COVID-19 vaccinations compulsory for most adults from next month.

Why it matters: The bill is expected to soon pass the upper house and be signed by President Alexander Van der Bellen in order for the law to take effect Feb. 1, per Reuters. It'd make Austria the first EU nation to impose such a sweeping mandate.

Hope King, author of Closer
Updated 4 hours ago - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.

Mitch McConnell's remarks on Black voters raise ire

Senate Minority Leader Mitch McConnell during a Capitol Hill news conference earlier this year. Photo: Anna Moneymaker/Getty Images

Senate Minority Leader Mitch McConnell (R-Ky.) has been widely criticized for comments he made this week about Black American voters.

Driving the news: When asked by a reporter Wednesday about concerns among voters of color, McConnell said "the concern is misplaced, because if you look at the statistics, Black American voters are voting in just as high a percentage as Americans."