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Photo: Saul Loeb/AFP via Getty Images

President Trump, speaking at the NATO summit in Europe Wednesday morning, said he believes Germany is "captive to" and "totally controlled" by Russia because of the planned Nord Stream 2 gas pipeline.

Be smart, from Axios' future editor Steve LeVine: This is the sound of a natural gas war. Trump wants Germany — an enormous gas purchaser — to buy American liquefied natural gas and is attempting to steal the market now held by Russia.

The details: Nord Stream 2 is an expansion of an existing pipeline, Nord Stream 1, that already transports some gas from Russia to Germany, per the WSJ. This controversial second phase would go live in 2019.

  • The pipeline would likely boost Russia’s authority in Europe when it comes to gas deliveries, according to Ukraine and other European allies. CNBC's Natasha Turak has also written that the pipeline would “increase Germany’s reliance on Russian energy supply.”
  • Nord Stream 2 also runs counter to the EU's energy security strategy, which it outlined in 2014 with a focus on diversity, according to The Atlantic Council.

What Trump's saying: The president has warned that if Germany wants to develop a trade deal with the U.S., it would be dependent on whether Germany drops its Nord Stream 2 plans with Russia.

  • But Germany has said previously that calling the deal off is not legally possible, since all the permits for the pipeline have been issued, per the WSJ.
  • Meanwhile, the State Department’s Dandra Oudkirk has signaled that companies involved in the pipeline project could be subject to U.S. sanctions.

What they’re saying:

  • German Chancellor Angela Merkel fired back at Trump, stating that while part of Germany used to be controlled by Soviet Russia, it is not anymore.
  • Defense Minister Ursula von der Leyen told CNBC that “Germany is an independent country where energy supply is concerned, we diversify.”

Go deeper

New York region's historic floods send deadly climate change lesson

A motorist drives a car through a flooded expressway in Brooklyn, NY early on Sept. 2, 2021. (Ed Jones/AFP via Getty Images)

The remnants of Hurricane Ida brought a tropical deluge of unprecedented proportions to the New York City metro area on Wednesday night into Thursday.

Driving the news: The flooding that resulted from the heavy rainfall shut down Newark Airport, and turned city and country roads in all five boroughs and surrounding areas of New Jersey and Pennsylvania into rivers.

Latest meme stock, Support.com, shows shorting is still riskier than ever

Illustration: Aïda Amer/Axios

The stock market's relentless upward momentum this year has lined the pockets of all kinds of investors, from veteran market players to Robinhood first-timers. It's also made shorting stocks a lot more risky than it already was.

Why it matters: The meme stock phenomenon changed the game. After an initial upheaval that wiped out GameStop and AMC shorts in spectacular fashion, shorting stocks based on fundamentals has become a move that can turn lethal on a dime.

Miriam Kramer, author of Space
3 hours ago - Science

Private companies are changing who gets to go to space

Illustration: Annelise Capossela/Axios

Axios' "How it Happened: The Next Astronauts" podcast follows the first all-civilian space crew as they prepare for their historic mission. 

Private missions to orbit like the all-civilian Inspiration4 launching later this month are opening access to space to people who historically haven't gone there.

Why it matters: Fewer than 600 people have flown to space, and most of them have been white men. But with the rise of commercial spaceflight that's expected to change.