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President Trump responded to unconfirmed reports that North Korean dictator Kim Jong-un is in "grave" condition following surgery, telling reporters at a press briefing Tuesday: "I just hope he's doing fine. I have had a very good relationship with Kim Jong-un."

Why it matters: Trump has often touted his close personal relationship with Kim, whom he met with twice in historic summits that ultimately failed to achieve the U.S. goal of denuclearization. The president did not confirm the reports about Kim's health or speculate about North Korea's line of succession.

What he's saying:

"Well, these are reports that came out, and we don't know. We don't know. I've had a very good relationship with him. All I wanted, you know, I can only say this. I wish him well, because if he is in the kind of condition that the reports say, that the news is saying, that's a very serious condition. ... I've said it many times. If somebody else were in this position, we would have been right now at war with North Korea. And we are not at war. We are nowhere close to war with North Korea. I just have to say to Kim Jong-un, I wish him very good luck."

Go deeper ... Exclusive: Trump tells Kim Jong-un he wants to resume talks

Go deeper

Dion Rabouin, author of Markets
17 mins ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
48 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

2 hours ago - Politics & Policy

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.