Associated Press

The president's decision to "share" intel with Russia is landing with a thud in Europe:

  • The big story: A "senior European intelligence official" told the AP that his country, which was not identified, could stop sharing information with the U.S. to protect its sources.
  • One named quote: German lawmaker Burkhard Lischka told the AP it would be "highly worrying" if the story was true, adding such behavior would make Trump "a security risk for the entire world."
  • Why it matters: The U.S. regularly shares and receives classified security information with European countries. Jeopardizing those relationship could long outlast the Trump administration.

Related: Get up to speed fast on Trump's Russia sharing

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Quibi, the mobile-only video subscription streaming service, is shutting down, the company announced Wednesday. The company said the decision was made to preserve shareholder equity.

Why it matters: Quibi had struggled to hit its subscriber growth targets amid the global pandemic. The app launched six months ago.

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Axios Re:Cap talks with Rep. David Cicilline (D-R.I.), chair of the subcommittee on antitrust, about Google, the DOJ's lawsuit and Congress' next move.