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A federal judge in Hawaii blocked President Trump’s revised travel ban, hours before it was to take effect. U.S. District Judge Derrick K. Watson, citing Trump’s own public comments, declared that the executive order was “issued with a purpose to disfavor a particular religion.” [Dara Lind / Vox]
Trump is expected to release a budget proposal today that includes deep cuts for the State Department and Environmental Protection Agency as his administration seeks to raise military spending. [Glenn Thrush and Coral Davenport / The New York Times]
The Federal Reserve raised interest rates. It's the third time it has raised the benchmark interest rate since the financial crisis of 2008, and a sign that job growth is healthier. [Binyamin Applebaum / The New York Times]
Two Russian spies are behind the 2014 Yahoo data breach, the Department of Justice says. The DOJ also charged two other hackers with the theft of 500 million Yahoo users’ account information — one of the largest breaches in history. [April Glaser / Recode]
Glenn Beck says taking on Trump has probably cost him listeners. But “I say this with all humility: I don’t care,” Beck told Peter Kafka during a live taping of the Recode Media podcast at SXSW in Austin last week. [ Eric Johnson / Recode]
Marc Andreessen, Reed Hastings and Cecile Richards — you know them as the leaders of Andreessen Horowitz, Netflix and Planned Parenthood, respectively — have signed on to the impressive lineup of speakers being assembled for Recode's signature event, Code Conference, coming up in May. [Peter Kafka / Recode]
Top stories from Recode
Tesla is looking to raise $1 billion in stock and debt
The company is offering $250 million in common stock and $750 million in convertible notes.
Meet Fortune’s new editor, Clifton Leaf
Questions for the new boss: How do you cover Trump? And what’s going to happen if Time Inc. has new owners?
Walmart is acquiring ModCloth, the online women’s fashion retailer
This is Walmart's latest attempt to boost Jet.com’s business.
One of Uber’s top self-driving engineers, Raffi Krikorian, is stepping down
Krikorian joined Uber after more than five years at Twitter to head up the company’s Pittsburgh headquarters.
Amazon is courting Alexa developers with free AWS service
Most Alexa developers incur costs, but don’t have a way to make money.
This is cool
While many of you are still blanketed in white, California is experiencing a blizzard of color, a once-in-a-decade explosion of desert wildflowers, the aftereffect of long-waited-for rains in the drought-stricken area. Soak up these photos, remember that color will return and meanwhile, make ice cream out of snow. (via Curbed Los Angeles)
This article originally appeared on Recode.net.
