Jan 27, 2017

Trump's tumultuous first week

Pablo Martinez Monsivais / AP

WSJ has an inside look at Trump's first week in the White House. It tells the story of an "easily bored" president casually upending well-established DC norms. The most interesting bits:

  • Biting the hand…: Trump told a group of congressional leaders that he was intrigued by the idea of doing away with the Electoral College. Mitch McConnell talked him down by asking him to imagine the insanity of a nationwide popular vote recount.
  • Consolidation of power: Steve Bannon and Jared Kushner are developing an internal team to strategize Trump's long-term goals. The Strategic Development Group is being called an "internal McKinsey."
  • Trouble in Trump-adise?: Rumors of a power struggle are starting to emerge amongst the inner circle as the Bannon/Kushner faction try to minimize Kellyanne Conway.
  • Easy access: Trump often calls up Republican senators himself. "I know many of these people."

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus β€” the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

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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.

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