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Pablo Martinez Monsivais / AP

The White House called it quits Thursday on a council that was expected to advise President Trump on how to best improve U.S. infrastructure, acknowledging that participation in the council could subject members to intense criticism given the controversy surrounding Trump's handling of the Charlottesville, Virginia attacks, per the WSJ.

  • Why it matters: It's Infrastructure Week. And it suggests the Charlottesville fallout is having larger implications.
  • The announcement: "The President's Advisory Council on Infrastructure, which was still being formed, will not move forward," a White House official said Thursday.
  • Timing: The move comes just one day after Trump abruptly shut down his two key groups of outside business advisers.
  • Bad optics: Canceling plans for an infrastructure council the same week that the White House is supposed to be pushing its infrastructure agenda is only intensifying what has already been a tough week for the administration.

Go deeper

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.

Pay TV's bleak post-pandemic outlook

Data: eMarketer; Chart: Axios Visuals

The pandemic has taken a huge toll on the Pay-TV industry, and with the near-term future of live sports in question, there are no signs of it getting better in 2021.

Why it matters: The fraught Pay-TV landscape is forcing some smaller, niche cable channels out of business altogether.

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