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Senate Republicans on Thursday confirmed President Donald Trump's twelfth federal appeals court nominee, setting a record for the most circuit court picks confirmed in a president's first year.

Why this matters: The federal courts carry significant weight in almost every area of policy: gun rights, executive power, LGBT rights, freedom of religion, etc, and have blocked multiple Trump initiatives in his first year. Trump's picks of young, conservatives judges for the lifetime appointments will far outlast his presidency.

Background: Richard Nixon and John F. Kennedy successfully appointed 11 appeals court judges in their first year.

  • Former President Barack Obama successfully appointed three appeals court judges in his first year in office in 2009, as well as Supreme Court Justice Sonia Sotomayor. His predecessor, George W. Bush, got six confirmed.

What they're saying: Senate Majority Leader Mitch McConnell, who has spearheaded the effort, said Republicans were having a "historic week."

  • Sen. Dianne Feinstein, the ranking Democrat on the Senate Judiciary Committee, lambasted Republicans, saying that the "speed at which these judges are being rammed through the process is stunning."

Go Deeper: Judicial appointments are the sleeper story that matters.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

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 4 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.