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Macron visits Trump at the White House. Photo: Ricky Carioti/The Washington Post via Getty Images

President Trump told French President Emmanuel Macron this morning that he will be withdrawing the U.S. from the Iran nuclear deal, the NY Times' Mark Landler reports.

Why it matters: This is the closest we've come, ahead of Trump's 2pm announcement, to confirmation that he will violate the deal and throw it into peril by declining to waive sanctions on Iran. Per Landler, he's also planning to go one step further: "preparing to reinstate all sanctions waived as part of the nuclear accord — and impose additional economic penalties as well."

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How Trump and Biden would steer the future of transportation

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President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.

Dan Primack, author of Pro Rata
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IPOs keep rolling despite stock market volatility

Illustration: Aïda Amer/Axios

Stock market volatility is supposed to be kryptonite for IPOs, causing issuers to hide out in their private market caves.

Yes, but: This is 2020, when nothing matters.