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Photo: Nicholas Kamm/AFP via Getty Images

The U.S. announced additional sanctions against Iran on Friday, targeting "any individual owning, operating, trading with or assisting sectors of the Iranian economy, including construction, manufacturing, textiles and mining."

The big picture: The measures, announced at a rare White House briefing by Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin, come as tensions with Iran have de-escalated following its retaliatory strike on U.S. bases in Iraq earlier this week.

  • Iran is already under sanctions imposed by the Trump administration that impact more than 1,000 companies and individuals, per the Washington Post.
  • The costs of the sanctions have largely been pushed onto ordinary Iranians — an issue that spilled over into widespread protests last year — rather than the senior officials they target.
  • A former senior Justice Department prosecutor who handled sanctions cases told ABC News that "sanctions now touch every part of the Iranian economy and are unlikely to have any further impact."

By the numbers: Mnuchin said there are also targeted at 17 of "Iran's largest steel and iron manufacturers."

  • There are also sanctions against eight senior Iranian officials, who Mnuchin said "advance the regime’s destabilizing activity and were involved in Tuesday’s ballistic missile strike."

Go deeper: Why the threat of an Iran war hasn't rattled the stock market

Go deeper

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Illustration: Eniola Odetunde/Axios

Retail traders have found a cheat code for the stock market, and barring some major action from regulatory authorities or a massive turn in their favored companies, they're going to keep using it to score "tendies" and turn Wall Street on its head.

What's happening: The share prices of companies like GameStop are rocketing higher, based largely on the social media organizing of a 3-million strong group of Redditors who are eagerly piling into companies that big hedge funds are short selling, or betting will fall in price.

Caitlin Owens, author of Vitals
1 hour ago - Health

Who benefits from Biden's move to reopen ACA enrollment

Photo: Chip Somodevilla/Getty Images

Nearly 15 million Americans who are currently uninsured are eligible for coverage on the Affordable Care Act marketplaces, and more than half of them would qualify for subsidies, according to a new Kaiser Family Foundation brief.

Why it matters: President Biden is expected to announce today that he'll be reopening the marketplaces for a special enrollment period from Feb. 15 to May 15, but getting a significant number of people to sign up for coverage will likely require targeted outreach.

2 hours ago - Technology

Big Tech bolts politics

Illustration: Eniola Odetunde/Axios

Big Tech fed politics. Then it bled politics. Now it wants to be dead to politics. 

Why it matters: The social platforms that profited massively on politics and free speech suddenly want a way out — or at least a way to hide until the heat cools.