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President of Palestine and Palestinian National Authority, Mahmoud Abbas. Photo: Drew Angerer/Getty Images

The Palestinian government is undertaking a war crimes complaint against Israel at the International Criminal Court after more than 100 Palestinians were killed by Israeli troops near the Gaza border this week, the AP reports.

The backdrop: This comes as the bloodshed on the Gaza border continues to rattle the international community and is weakening diplomatic relations between various Middle Eastern countries, Israel and the U.S.

What's happening, per the AP:

  • As Trump recognizes Jerusalem as Israel's capital, Palestinian President Mahmoud Abbas believes the U.S. has lost its credibility as a broker and neutral party in the conflict amid ongoing peace talks. The ICC's involvement would reportedly intensify tensions between Abbas and Israel.
  • Meanwhile, the Islamic militant group, Hamas, “has emerged without tangible achievements” after the deadly border clash. Hamas had organized some of the protests and plans to do so throughout the Muslim holy month of Ramadan to add more pressure on Israel to lift the blockade.
  • Israeli Prime Minister Benjamin Netanyahu is increasingly aligning himself with Trump which concerns many in the region as Trump continues to be unpopular among many Western world leaders.

Go deeper

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

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.

Felix Salmon, author of Capital
4 hours ago - Economy & Business

Americans are still spending money

Source: Census Bureau; Chart: Axios Visuals

Americans spent more money at stores and restaurants in 2020 than they did in 2019 — even in the face of a devastating global pandemic that shut down broad sectors of the economy.

Why it matters: The monthly retail sales report this morning came in well below expectations, and showed consumer spending falling on a seasonally-adjusted basis. Total expenditures were still higher in December 2020 than they were a year previously, however.