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Illustration: Aïda Amer/Axios

The surprise has now worn off on the abrupt end to the U.S.-North Korea summit in Hanoi, with the two sides disputing even the terms of what was being negotiated.

Driving the news: The U.S. side claims North Korea offered to close one nuclear facility in exchange for lifting all economic sanctions.The North Korean side claims it only wanted a partial reprieve from economic sanctions.

Why it matters: "Further progress could be difficult now that Mr. Trump has broadcast that he and Mr. Kim have staked out conflicting bottom lines," the N.Y. Times' Edward Wong reports.

The other side: "Trump could have left Hanoi with a deal of any kind just for the sake of it, but he decided that no deal was better than an insubstantial one that could hamper future negotiations," Stanford professor Gi-Wook Shin writes for Axios Expert Voices.

  • "By doing so, he not only appeared as a tough negotiator to his North Korean counterpart, but also shielded himself from the potential criticism of a bad deal, affording him more domestic political slack than the alternative might have."
  • "His decision also sends a warning signal to North Korea that he will not let the country continue to set the tone and pace for the negotiations."

Between the lines: Trump also faced a furor today over comments where he said he believes Kim Jong-un's denial about the mistreatment of Otto Warmbier, the U.S. student who was in a coma when released by North Korea and died shortly after returning home.

  • "He felt badly about it. He felt very badly," Trump said today. "He tells me that he didn't know about it and I will take him at his word."
  • "I don't think that the top leadership knew about it ... I don't believe that he [Kim] would have allowed that to happen."
  • Flashback to January 2018: "You are powerful witnesses to a menace that threatens our world, and your strength inspires us all," Trump told Warmbier's parents during the State of the Union.
  • Former U.N. ambassador Nikki Haley today: "Americans know the cruelty that was placed on Otto Warmbier by the North Korean regime. Our hearts are with the Warmbier family for their strength and courage. We will never forget Otto."

The bottom line: Diplomacy is happening and the freeze in nuclear tests will continue, North Korea confirmed today. But that's about it.

Go deeper

Kaine, Collins' censure resolution seeks to bar Trump from holding office again

Sen. Tim Kaine (center) and Sen. Susan Collins (right). Photo: Andrew Harnik/Pool via Getty Images

Sens. Tim Kaine (D-Va.) and Susan Collins (R-Maine) are forging ahead with a draft proposal to censure former President Trump, and are considering introducing the resolution on the Senate floor next week.

Why it matters: Senators are looking for a way to condemn Trump on the record as it becomes increasingly unlikely Democrats will obtain the 17 Republican votes needed to gain a conviction, Axios Alayna Treene writes. "I think it’s important for the Senate's leadership to understand that there are alternatives," Kaine told CNN on Wednesday.

Stark reminder for America's corporate leaders

Rosalind "Roz" Brewer is about to become only the second Black woman to permanently lead a Fortune 500 company. She starts as Walgreens CEO on March 15.

Why it matters: It's a stark reminder of how far corporate America's top decision-makers have to go during an unprecedented push by politicians, employees and even a stock exchange to diversify their top ranks.

Ina Fried, author of Login
Updated 2 hours ago - Technology

Apple's quarterly sales top $100 billion for first time

Credit: Apple

Spurred by strong sales of the latest iPhones, Apple reported it took in a record $111 billion in revenue for the three months ended Dec. 31, as the company crushed expectations.

Why it matters: The move showed even a pandemic didn't dull demand for Apple's latest smartphones.