Alex Brandon / AP

A day after North Korea launched an intermediate-range missile that passed over Japan, Trump tweeted that "Talking is not the answer!"

Why it matters: This comes after North Korea's Kim Jong-un said he would be watching "U.S. demeanors" to decide how to act in terms of whether to try containing Guam, a U.S. territory, and has already say "all options are on the table." The missile launch is a "meaningful prelude" to containing Guam, he said.

U.S. Defense Secretary Jim Mattis took a different line after Trump tweeted. "No...We're never out of diplomatic solutions," he said. Watch here:

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Supreme Court says Manhattan prosecutors can obtain Trump's financial records

Photo: Saul Loeb/AFP via Getty Images

President Trump’s banks and accounting firms must turn over his financial records to Manhattan prosecutors, the Supreme Court ruled Thursday.

Why it matters: The ruling is a stinging loss for Trump, who has fought relentlessly to keep these records secret.

Chelsea Clinton is considering forming a venture capital firm

Photo Illustration: Sarah Grillo/Axios. Photo: Jemal Countess/Getty Images

Chelsea Clinton is in the very early stages of forming a venture capital firm, Axios has learned from multiple sources.

What we’re hearing: The working name is Metrodora Ventures, after the author of the first medical text known to have been written by a woman (around 2,000 years ago in Greece).

TikTok caught in a U.S.-China vise

Illustration: Aïda Amer/Axios

TikTok, the short-video platform popular among teens for sharing funny moments and dance moves, is getting pulled into the deadly serious geopolitical conflict between China and the U.S.

The big picture: More than any other Chinese-owned app, TikTok has found success outside of its homeland. But as the U.S. sounds security alarms and China turns the legal screws on Hong Kong, the company is fighting to prove that it's not beholden to Beijing — and to forestall a threatened ban by the Trump administration.