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Sen. Tom Udall in 2020. Photo: Susan Walsh-Pool/Getty Images

President Biden will nominate former New Mexico Sen. Tom Udall as his ambassador to New Zealand, tapping another onetime senator to serve in his state department.

Why it matters: Biden is drawing heavily on politicians, longtime aides and former diplomats as he fills out his ambassadorial ranks, giving short shrift to pure political donors.

  • He is also expected to nominate Jane Hartley, the former ambassador to France, as his pick for the Court of St. James in the United Kingdom, according to people familiar with the matter.

What he's saying: "Having dedicated my life to public service and having served as a member of the Senate Foreign Relations Committee focusing on policies that promote democracy, international development, and conservation, I am honored to be nominated by President Biden to this next role serving our great country," Udall said in a statement.

  • "Ambassador to New Zealand and Samoa is an important diplomatic post for the United States, for New Zealand, Samoa, and for the Indo-Pacific, and this position—working with one of our closest partners and allies—is integral as we work closely with New Zealand to confront the challenges facing our nations—including COVID-19, climate, and China."

The big picture: Biden still plans to nominate political ambassadors for roughly 30% of his openings and fill the remaining slots with career foreign services officers.

  • On Friday he announced three more names from the diplomatic corps: Caryn McClelland, for Brunei Darussalam, Michael Murphy for Bosnia and Herzegovina, and Howard Van Vranken for Botswana.

Go deeper: If confirmed by the Senate, Udall will join former Republican Sen. Jeff Flake, who was picked for Turkey, and former Sen. Ken Salazar, who has been nominated for Mexico.

Editor's note: This post was updated with Friday's nominations.

Go deeper

Biden claims "era of relentless war" is over in first UN speech

Photo: Eduardo Munoz/Pool/AFP via Getty Images

Addressing the UN General Assembly for the first time since taking office, President Biden laid out his vision for how the U.S. will confront what he characterized as a "decisive" next decade in human history.

Why it matters: In the face of unprecedented global challenges — the pandemic, climate change, rising authoritarianism — Biden made a case for multilateralism, democratic values, the rule of law and empathy for common struggles.

Stock buybacks boom as corporate cash piles grow

The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year. 

Why it matters: Companies hoarded cash and raised prices over the past year — leaving them with a lot of money and decisions about what to do with it.

2 hours ago - Health

Health policies at stake in Democrats' infrastructure bet

Illustration: Annelise Capossela/Axios

Democrats are at a pivotal moment in their quest to expand health care coverage, slash the cost of prescription drugs and create a social structure that prioritizes people's health.

Driving the news: Democrats have a clear list of health care priorities they'll be fighting for this week. Among them is a measure to expand Medicare to cover dental, vision and hearing benefits.