Trump visits a food pantry in Utah. Photo: Evan Vucci / AP

President Trump signed two presidential proclamations Monday to scale back the Bears Ears and Grand Staircase-Escalante national monuments in Utah, opening federally-owned public lands for private development. The Bears Ears monument is shrinking from 1.5 million acres to 220,000 acres and the Grand Staircase-Escalante is going from 2 million acres to 1 million acres, per a pool report.

The backdrop: Trump's move received mixed reviews, with Utah Sens. Orrin Hatch and Mike Lee cheering alongside the audience at Trump's Salt Lake City rally and protestors opposing the decision in Utah and outside the White House.

More from Trump's speech:

  • He encouraged Utah's senior senator Orrin Hatch to run for re-election.
  • On Secretary of the Interior Ryan Zinke: "Does he know the interior? He knows it, he loves it. He loves seeing it and riding on it."

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Dion Rabouin, author of Markets
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Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

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Illustration: Annelise Capossela/Axios

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  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
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Mike Allen, author of AM
2 hours ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

  1. She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.