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Photo: SAUL LOEB/AFP/Getty Images

President Trump said early Thursday he failed to reach a deal with North Korea's leader Kim Jong-un because of a disagreement over sanctions, as talks abruptly wrapped up on the second day of their summit in Hanoi, Vietnam.

Why it matters: Trump said Kim pledged to dismantle the Yongbyon nuclear facility — not its entire nuclear program — if all sanctions imposed on the country were lifted first. "Sometimes you have to walk,” he said. Kim had a vision of denuclearization, that's "not exactly our vision, but it's a lot closer than it was a year ago."

  • Trump and Kim canceled a planned lunch after their morning talks and left in separate cars. Kim did not commit to holding another summit, Trump said, but he insisted the two leaders had a "good relationship."
  • Kim said of the denuclearization goal: “If I’m not willing to do that, I won’t be here right now.” Trump said the two leaders could have signed a deal Thursday. “But it’s better to do it right than do it fast,” he said.
  • Trump added: "Basically, they wanted the sanctions lifted in their entirety, and we couldn't do that."
A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Other big takeaways: Trump stressed earlier there was no rush to reach an agreement. "We just want to do the right deal,” he said.

  • Kim also said the idea of the U.S. having an office in North Korea's capital Pyongyang was “welcome-able”.
  • Asked if Trump was discussing North Korea's human rights record with Kim, the president replied: "We're discussing everything."
A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper

3 hours ago - Health

Biden administration to lift travel ban for fully vaccinated international travelers

Photo: Win McNamee/Getty Images

White House COVID-19 response coordinator Jeff Zients announced on Monday that the Biden administration will allow fully vaccinated travelers from around the world to enter the U.S. beginning in November.

Why it matters: The announcement comes as President Biden seeks commitments from countries to donate vaccines to the global COVAX initiative. He is expected to host a COVID summit on the sidelines of the UN General Assembly this week, and many of the countries attending have expressed frustration with the travel ban.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Gen Z breaks into VC

Illustration: Aïda Amer/Axios

When Meagan Loyst joined VC firm Lerer Hippeau, less than two years out of Boston College, she was still living with her parents. She had virtually no online brand presence, and the pandemic made it impossible to build a professional network via in-person meetings.

Why it matters: Loyst wasn't alone. Venture firms have accelerated hiring in line with record deal activity, often seeking younger investors who can spot trends that fly below the radar (or intrinsic understanding) of older partners.

White House aims to protect workers from extreme heat

Two pear pickers in Hood River, Ore. on Aug. 13. Photo: Michael Hanson/AFP via Getty Images

The White House announced a slew of actions Monday, including the start of a rule-making process at the Occupational Safety and Health Administration (OSHA), to protect American workers from extreme heat.

Driving the news: The U.S. just had its hottest summer on record, with triple-digit-temperatures killing hundreds in the Pacific Northwest and exposing outdoor workers to dangerous conditions.