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Photo: Brandon Bell/Getty Images

Former President Trump on Monday said he will never endorse Sen. Mike Rounds (R-S.D.), calling him a "jerk" and "a weak and ineffective leader."

Driving the news: Trump, who endorsed Rounds in 2020, was responding to the South Dakota senator after he refuted the former president's unfounded claims that the 2020 election was stolen and said that "the election was fair" during a Sunday appearance on ABC's "This Week."

  • When asked if he would support prosecution of Trump if he's found to be complicit in the Jan. 6 Capitol riot, Rounds said that it would be the Justice Department's call. But he added that the "shield of the presidency does not exist for someone who is a former president."

What he's saying: "'Senator' Mike Rounds of the Great State of South Dakota just went woke on the Fraudulent Presidential Election of 2020 ... Is he crazy or just stupid?" Trump said. "I will never endorse this jerk again."

  • "He is a weak and ineffective leader, and I hereby firmly pledge that he will never receive my endorsement again!"

Go deeper

Updated Jan 13, 2022 - Politics & Policy

Kevin McCarthy declines interview with Jan. 6 select committee

House Minority Leader Kevin McCarthy. Photo: Mark Wilson/Getty Images

House Minority Leader Kevin McCarthy (R-Calif.) said Wednesday he will not participate with the Jan. 6 select committee's request to interview him about his communications with former President Trump.

Driving the news: McCarthy, the highest-ranking elected official the panel has asked for information, said that he had nothing to add and criticized the panel's "abuse of power."

Updated 19 mins ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Axios-Ipsos poll: Omicron's big numbersAnother wave of death — FDA limits use of Regeneron and Lilly antibody treatments — Fauci: "Confident" Omicron cases will peak in February.
  2. Vaccines: Pfizer begins clinical trial for Omicron-specific vaccine — The shifting definition of fully vaccinated.
  3. Politics: Biden admin withdraws temporary vaccine-or-test mandate for large employers — New York Supreme Court strikes down Gov. Hochul's mask mandate for public areas — Sarah Palin tests positive, delaying defamation trial — Virginia school boards sue Gov. Youngkin for lifting mask mandate.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker

The Robinhood M&A rumor mill churns

Illustration: Sarah Grillo/Axios

Robinhood's valuation is now just over $11 billion, a fraction of where it traded in August and below that of its last private round of funding. Cue the M&A mongers.

Why it matters: It's not just Robinhood—falling values of growth-oriented tech stocks have raised speculation that formerly high-flying fintechs could be snapped up by more well-capitalized buyers.