Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Israeli Foreign Minister Yair Lapid (R) meets with Vice President Kamala Harris (L). Photo: Jim Watson/AFP via Getty

The trilateral meeting on Wednesday between Secretary of State Antony Blinken and the foreign ministers of Israel and the United Arab Emirates epitomized the Biden administration's belated embrace of the Abraham Accords.

Why it matters: The normalization deals struck between Israel and four Arab countries were Donald Trump's landmark foreign policy achievement, and while the Biden administration has long said it wants to push them forward, it has only recently started taking steps in that direction.

  • Senior administration officials were reluctant at first to use the term "Abraham Accords," which is so closely associated with Trump.
  • But since the first anniversary in September, the administration has not only been discussing the accords but celebrating them.

The state of play: Blinken held a virtual meeting last month with his Israeli, Emirati, Bahraini and Moroccan counterparts to commemorate the anniversary.

  • U.S. diplomats also joined a public visit by the Israeli and Bahraini foreign ministers to the headquarters of the 5th fleet in Manama, and the U.S. charge d’affaires in Jerusalem spoke alongside Jared Kushner at an event to celebrate the accords at the Israeli Knesset.

Between the lines: Israeli and Emirati officials think the Biden administration is trying to counter the narrative that it is disengaging from the region, particularly after the withdrawal from Afghanistan.

  • "They understood it can be a win for them after Afghanistan," an Israeli official told me, noting that the accords provide a positive agenda in the region.

Driving the news: The issue of strengthening the Abraham Accords and getting more countries to join featured prominently in the meetings Israeli Foreign Minister Yair Lapid had on Tuesday with Vice President Kamala Harris and national security adviser Jake Sullivan.

  • The main action item out of Wednesday's trilateral meeting was the formation of two trilateral teams, one on promoting religious coexistence and the other on cooperation in water and energy.

What’s next: The Biden administration is trying to get Sudan to sign a normalization agreement with Israel that has been sitting on the shelf for months. Sudan's domestic political crisis is holding up progress for now.

Go deeper

Oct 13, 2021 - World

Biden's new Iran dilemma

Iranian President Ebrahim Raisi. Photo: Majid Saeedi/Getty Images

The Biden administration is grappling with a new dilemma as nuclear negotiations with Iran remain frozen: whether more pressure on Iran would help push the Iranians back to the 2015 deal, or lead Iran to escalate its nuclear program, U.S. and Israeli officials told Axios.

Why it matters: The Iranian nuclear program has made significant advances in recent months that will be difficult to roll back — and that could potentially undercut the benefits of salvaging the 2015 accord, particularly if a deal isn’t reached soon.

Fintech's record year

Illustration: Annelise Capossela/Axios

Massive venture rounds into fintech companies have ballooned this year, pushing up total dollars invested — in just the first three quarters of 2021 — to nearly double the amount in all of 2020, per new PitchBook data.

Why it matters: The maturing of fintech startups means a growing number of companies are able to raise huge later-stage funding rounds as investors look to lock-in their bets.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Democrats' clean power outlook is very muddy

Illustration: Annelise Capossela/Axios

Here are two big questions as a key Democratic proposal to slash emissions from power generation flounders: how much its demise would sap climate protections, and what might replace it.

Catch up fast: New financial carrots and sticks for utilities to deploy zero-carbon power — the Clean Electricity Performance Program (CEPP) — look unlikely to stay in Democrats' big social spending and climate bill.