Steve Bannon leaves after testifying before the House Intelligence Committee. Photo: Zach Gibson / Bloomberg via Getty Images

"Trump’s Chief of Staff John Kelly told Fox News ... the White House did not tell former Trump chief strategist Steve Bannon to invoke executive privilege in closed testimony before Congress on its probe of alleged Russian meddling in the 2016 U.S. election," via Reuters.

Bannon's lawyer, Bill Burck, tells Jonathan Swan: "We were told by White House lawyers that Mr. Bannon was not authorized to speak about his time on the transition or in the White House until the Committee and the White House agreed on the proper scope of questioning.  ... Perhaps [Kelly is] saying that the White House did not ask Mr. Bannon to invoke executive privilege in the formal legal sense."

  • "The White House instructed Mr. Bannon not to talk about the transition and the White House until the President decides what information he will invoke executive privilege over and what information he will not.  That had not happened as of yesterday or today. "

Why it matters, from Axios PM: Bannon instantly becomes Trump’s most dangerous man. Other campaign or White House alumni want to preserve access to Trump. But Bannon has already burned every bridge, and now has zero attachments to Trump’s inner circle. Bannon saw and knows a lot, and his team has signaled he'll tell Mueller anything he's asked.

  • Go deeper: Jonathan Swan, "Inside the room: What Steve Bannon told Congress."

Go deeper

How small businesses got stiffed by the coronavirus pandemic

Illustration: Aïda Amer/Axios

The story of American businesses in the coronavirus pandemic is a tale of two markets — one made up of tech firms and online retailers as winners awash in capital, and another of brick-and-mortar mom-and-pop shops that is collapsing.

Why it matters: The coronavirus pandemic has created an environment where losing industries like traditional retail and hospitality as well as a sizable portion of firms owned by women, immigrants and people of color are wiped out and may be gone for good.

Apple's antitrust fight turns Epic

Illustration: Aïda Amer/Axios

Millions of angry gamers may soon join the chorus of voices calling for an antitrust crackdown on Apple, as the iPhone giant faces a new lawsuit and PR blitz from Epic Games, maker of mega-hit Fortnite.

Why it matters: Apple is one of several Big Tech firms accused of violating the spirit, if not the letter, of antitrust law. A high-profile lawsuit could become a roadmap for either building a case against tech titans under existing antitrust laws or writing new ones better suited to the digital economy.

Survey: Fears grow about Social Security’s future

Data: AARP survey of 1,441 U.S. adults conducted July 14–27, 2020 a ±3.4% margin of error at the 95% confidence level; Chart: Naema Ahmed/Axios

Younger Americans are increasingly concerned that Social Security won't be enough to wholly fall back on once they retire, according to a survey conducted by AARP — in honor of today's 85th anniversary of the program — given first to Axios.

Why it matters: Young people's concerns about financial insecurity once they're on a restricted income are rising — and that generation is worried the program, which currently pays out to 65 million beneficiaries, won't be enough to sustain them.