This photo distributed by the North Korean government shows what was said to be the launch of a Hwasong-14 intercontinental ballistic missile, ICBM, in North Korea's northwest, Tuesday, July 4, 2017. Independent journalists were not given access to cover the event depicted in this photo. (Korean Central News Agency/Korea News Service via AP)

The missile test carried out by North Korea was of an intercontinental ballistic missile that could possibly reach Alaska, unidentified U.S. officials are telling Fox News, CNN and NBC News. CNN reported earlier that should it be determined to have been an ICBM test, any response to would be "measured" and could include sending more troops or aircraft to the region or imposing more sanctions.

Why this matters: A missile that could travel as many as 4,000 miles and hit Alaska represents continued progress by the North Koreans on their missile program and the achievement of a goal that President Trump had said in January "won't happen."

Go deeper: Axios Expert Voices on dealing with North Korea

Go deeper

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.