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Michael Sohn / AP

After the Twitters erupted with questions and criticism (including comparisons to the Clinton Foundation), the White House said Ivanka Trump will play a limited role in the global fund for women's empowerment that she told me about from Berlin:

  • An aide says: "She had the idea and recommended it to [World Bank Group President] Jim Kim but they are ... the implementer ... She will be its most advocate and supporter and will work closely with [German Chancellor Angela] Merkel and [IMF Managing Director Christine] Lagarde and Kim etc."
  • World Bank Group President Jim Yong Kim said his role is still being worked out: "The World Bank Group is working with partners on the details around creating a facility for women's economic empowerment ... We are very grateful for the leadership Ms. Trump and Chancellor Merkel have demonstrated."
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Go deeper

Dan Primack, author of Pro Rata
8 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.