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The 6 senior Trump 2016 campaign figures to face federal charges

Former Trump administration chief strategist Steve Bannon's fraud arrest on Thursday made him the sixth senior 2016 Trump campaign figure to be hit with federal charges.

The state of play: While Bannon was allegedly involved in a scheme to defraud donors to a private border wall construction project, the other five former Trump campaign officials found themselves wrapped up in the Mueller investigation.


Steve Bannon

  • Bannon, along with three others, allegedly defrauded donors out of hundreds of thousands of dollars with a crowdfunding campaign called "We Build the Wall."
  • Federal prosecutors say Bannon, via a non-profit, took in over $1 million from the scheme "and at least some of it was used to cover hundreds of thousands of dollars in [his] personal expenses."

Roger Stone

  • The former Trump campaign adviser was sentenced to 40 months in prison for crimes including obstruction, witness tampering and making false statements to Congress.
  • He lied to Congress about his efforts to learn more about when WikiLeaks would publish damaging emails about Hillary Clinton during the 2016 election.
  • President Trump later commuted his sentence.

Michael Flynn

Paul Manafort

Rick Gates

Michael Cohen

  • The president's former personal lawyer and fixer, who describes himself as "one of Trump’s bad guys" in his forthcoming book, pleaded guilty to to lying to Congress on the president's behalf and is carrying out a three-year prison sentence in home confinement.
  • Cohen admitted he lied to the Senate Intelligence Committee in 2017 about the length and scope of his work on plans to build a Trump Tower in Moscow.

Don't forget: Though he was not a senior campaign member, former Trump campaign aide George Papadopoulos also pleaded guilty in 2017 to making false statements to the FBI about his contacts with Russians.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

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Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

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"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

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What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

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