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Rahm Emanuel. Photo: Michael Loccisano/Getty Images

President Biden plans to nominate Rahm Emanuel, former President Obama's chief of staff, as U.S. ambassador to Japan, the Financial Times first reported and Axios has confirmed.

The state of play: Biden plans to announce the nomination later this month, along with a slew of other ambassadorship nominations, per FT.

  • There were months of speculation around whether Emanuel would be nominated for an administration role. He was reported to be in contention for transportation secretary.
  • Emanuel served as a congressman for Illinois between 2003 and 2009 and mayor of Chicago from 2011 to 2019. He opted not to run for a third mayoral term following harsh criticism of his handling of the police shooting of Laquan McDonald, a Black teenager, in Chicago in 2014, per The Guardian.

The big picture: The relationship between the U.S. and Japan has been a focal point of the administration. Japanese Prime Minister Yoshihide Suga was the first foreign leader to meet with Biden in person.

Go deeper: Biden and Japan's Suga announce "new era" in U.S.-Japan ties

Go deeper

1 min ago - World

Ukraine president to Biden: "There are no minor incursions"

Photo: Doug Mills-Pool/Getty Images

Ukrainian President Volodymyr Zelensky responded on Thursday to President Biden's suggestion that a "minor incursion" by Russia may not draw the same response as a large invasion, which some in Kyiv saw as inviting Russian aggression.

What he's saying: "We want to remind the great powers that there are no minor incursions and small nations. Just as there are no minor casualties and little grief from the loss of loved ones. I say this as the President of a great power," Zelensky tweeted.

13 mins ago - Health

The drugs pushing prescription prices down for Medicare patients

Illustration: Annelise Capossela/Axios

Although net prices of brand-name drugs have increased significantly over the last decade, the savings produced by generics have actually driven average prescription prices down in Medicare's pharmacy benefit and Medicaid, according to a new analysis by the Congressional Budget Office.

Why it matters: The analysis reiterates that the generic market is largely working as intended.

Ben Geman, author of Generate
56 mins ago - Energy & Environment

Electric vehicle "tsunami" expected as new models hit market

Illustration: Aïda Amer/Axios

Bank of America analysts see 2022 as a "major year of commercialization" for the electric vehicle market amid a slew of new vehicle launches and many more on the horizon.

Driving the news: Over 85 new models are slated to launch in model years 2022-2025 (calendar 2021-2024), they said in a note that says a "tsunami" of new cars are coming.

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