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The Cheney family has pulled a power play against Trump’s attempt to overthrow the election

Former Vice President Dick Cheney and House GOP Conference Chair Liz Cheney have pulled a power play against President Trump’s attempt to overthrow the election.

Driving the news: The elder Cheney helped pull together an op-ed from all 10 living former defense secretaries to warn against military intervention to thwart a transfer of power. Liz Cheney pounded out a 21-page argument against plans to try to stall certification of Biden's win.


Why it matters: Each has said little about President Trump over the past four years. But now that they're speaking out, they're making it count — with muscular, blunt cases against obstruction of the inevitable.

  • Liz Cheney has ambitions to run for the White House or House speaker. Her dad remains a formidable force in establishment Republican politics.

Between the lines: A source familiar with the Cheneys' thinking tells Axios that given their reverence for the power of the executive, they're offended by Trump's norm-busting behavior and the futile resistance to Biden's victory.

  • "They're reestablishing the traditional Republican channel so that in the post-Trump era, people will be comfortable running at that segment of the party, rather than just the populist channel that Trump exploited," the source said.

Kaine, Collins' censure resolution could bar Trump from holding office again

Sens. Tim Kaine (D-Va.) and Susan Collins (R-Maine) are forging ahead with a draft proposal to censure former President Trump, and are considering introducing the resolution on the Senate floor next week.

Why it matters: Senators are looking for a way to condemn Trump on the record as it becomes increasingly unlikely Democrats will obtain the 17 Republican votes needed to gain a conviction, Axios Alayna Treene writes. "I think it’s important for the Senate's leadership to understand that there are alternatives," Kaine told CNN on Wednesday.

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"Roz" Brewer will become only the 2nd Black woman to permanently lead a Fortune 500 company

Rosalind "Roz" Brewer is about to become only the second Black woman to permanently lead a Fortune 500 company. She starts as Walgreens CEO on March 15.

Why it matters: It's a stark reminder of how far corporate America's top decision-makers have to go during an unprecedented push by politicians, employees and even a stock exchange to diversify their top ranks.

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Apple's quarterly sales top $100 billion for first time

Spurred by strong sales of the latest iPhones, Apple reported it took in a record $111 billion in revenue for the three months ended Dec. 31, as the company crushed expectations.

Why it matters: The move showed even a pandemic didn't dull demand for Apple's latest smartphones.

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Facebook stock whipsaws amid ad targeting concerns

Facebook's stock showed volatility in after-hours trading Wednesday, despite adding users and beating on top and bottom lines.

Why it matters: Investors seem spooked by proposed changes to user data collection by Apple that would impact Facebook's ad business, in addition to perennial threats of new federal privacy regulations.

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Fed chair says low interest rates aren't driving stock market prices

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

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Biden freezes U.S. arms deals with Saudi Arabia and UAE

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official told me.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.

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Podcast: Robert Downey Jr. launches VC funds to help save the planet

Robert Downey Jr. on Wednesday announced the launch of two venture capital funds focused on startups in the sustainability sector, the latest evolution of a project he launched two years ago called Footprint Collective.

Between the lines: This is a bit of life imitating art, as Downey Jr. spent 11 films portraying a character who sought to save the planet (or, in some cases, the universe).

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DHS warns of "heightened threat" because of domestic extremism

The Department of Homeland Security on Wednesday issued an advisory warning of a "heightened threat environment" in the U.S. because of "ideologically-motivated violent extremists."

Why it matters: DHS believes the threat of violence "will persist in the weeks." The extremists include those who opposed the presidential transition, people spurred by "grievances fueled by false narratives" and "anger over COVID-19 restrictions ... and police use of force[.]"

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