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Evan Vucci / AP

President Trump announced Friday that he is "cancelling the last administration's completely one-sided deal with Cuba" and replacing it with a new policy that seeks to both promote human rights as well as drastically limit travel to the country. His speech comes roughly a year after Barack Obama unveiled his own Cuba policy designed to strengthen U.S.-Cuba relations.

"To the Cuban government, I say put an end to the abuse of dissidents. Release the political prisoners. Stop jailing innocent people ... We will enforce the ban on tourism, we will enforce the embargo, we will take steps to make sure that investments flow to the people" so they can begin to build and invest in their future. ... We challenge Cuba to come to the table with a new agreement that is in the best interest of both their people and our people."

Go deeper: What to know about his new policy.

Go deeper

Bernie Madoff dies in prison at 82

Photo: Jin Lee/Bloomberg via Getty Images

Bernie Madoff, a former investor sentenced to 150 years in prison for perpetrating the largest Ponzi scheme in U.S. history, died Wednesday at age 82, AP reports.

The big picture: Madoff pleaded guilty in 2009 to a multibillion-dollar scheme that investigators said began in the 1970s and defrauded as many as 37,000 people in 136 countries — including high-profile victims like Steven Spielberg, former New York Mets owner Fred Wilpon and actor Kevin Bacon, according to CNBC.

Ben Geman, author of Generate
2 hours ago - World

John Kerry and China's long road ahead on climate

Photo illustration: Aïda Amer/Axios. Photo: Brian Snyder/AFP via Getty Images

Yes, special climate envoy John Kerry's really in China and no, don't look for a huge breakthrough between the world's two largest carbon-emitting nations.

Driving the news: The State Department yesterday announced Kerry's visit this week, confirming plans that began emerging Saturday.

2 hours ago - Podcasts

Coinbase president Emilie Choi on mainstreaming crypto

Coinbase plans to go public on Wednesday, in a watershed moment for the cryptocurrency industry.

Axios Re:Cap speaks with Coinbase president and COO Emilie Choi about how she thinks about crypto, why Coinbase eschewed a traditional IPO and if we’re ever going to use bitcoin to buy a cup of coffee.

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