May 4, 2017

Trump WH warms to public debate over climate science

Evan Vucci / AP

The Trump administration has reportedly expressed interest in a proposal for a public forum on climate change science that a former top official in President Obama's administration has suggested.

  • The details: Steven Koonin, who served as the Energy Department's under secretary for science during two years of Obama's first term, suggests a format from the national-security realm where experts take turns critiquing each other's work on climate science in a competitive and public way.
  • For the record: "I can tell you that's found some resonance within the administration," Koonin tells Axios. "I'm just going to say people seem to be interested."
  • The other side: Environmental groups are not on board, not surprisingly. Kelly Levin, a senior associate at the World Resources Institute, said such a format is an unnecessary distraction because the "validity of climate science has been confirmed and reconfirmed countless times."

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.