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Trump and Merkel at Friday's press conference. Photo: Brendan Smialowski/AFP/Getty Images

President Trump said this afternoon that he "may go" to the opening ceremony of the new U.S. embassy in Jerusalem on May 14.

Why it matters: Trump's statement during a joint press conference with German chancellor Angela Merkel was somewhat surprising, because in the last few weeks, both the White House and Israeli Prime Minister Benjamin Netanyahu's office said it was highly unlikely that Trump would be able to attend.

They cited Trump's schedule and the need to focus on other issues, like North Korea and the May 12 deadline to decide the future of the Iran nuclear deal.

The back story: I reported earlier this week that the administration even started preparing to send Treasury Secretary Steve Mnuchin as the head of the U.S. delegation, along with White House senior adviser Jared Kushner. Israeli officials told me on Sunday that the information they got from Washington was that Trump wasn’t coming to the ceremony and Mnuchin would lead the delegation.

Go deeper

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.

Pay TV's bleak post-pandemic outlook

Data: eMarketer; Chart: Axios Visuals

The pandemic has taken a huge toll on the Pay-TV industry, and with the near-term future of live sports in question, there are no signs of it getting better in 2021.

Why it matters: The fraught Pay-TV landscape is forcing some smaller, niche cable channels out of business altogether.