Susan Walsh / AP

The NYT reports that Trump's new national security advisor, Lt. Gen. H.R. McMaster, is planning another restructuring of the White House's foreign policy team. The changes being discussed…

  1. The director of national intelligence and chairman of the Joint Chiefs of Staff would rejoin the principals committee of the National Security Council. They were only left out because the Trump team copied a Bush-era organizational chart — not realizing that President Obama had made both positions full members of the committee.
  2. Steve Bannon may be removed from the principals committee. The White House has downplayed the significance of his inclusion, but the criticism surrounding that elevation caught President Trump off guard.
  3. The Homeland Security Council would reform under the National Security Council, as it had during the Obama administration. It had been split off under Trump to remove power from McMaster's predecessor, Michael Flynn.

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BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.