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Prime Minister Abiy Ahmed. Photo: Zacharias Abubeker/AFP/Getty Images

Ethiopia says it will accept a peace agreement with Eritrea and bring an end to a deadly conflict between the two neighbors. Ethiopia’s new prime minister, Abiy Ahmed, has positioned himself as a reformer and vowed to achieve peace with Eritrea.

The backstory: The New York Times explains that "the countries fought a war from 1998 to 2000 over their border dispute, which left about 80,000 people dead. They signed a peace agreement in 2000, but the Ethiopians never accepted the findings of a boundary commission established by the agreement." Per the AP, Ethiopia also said today that it will "open up parts of state-owned enterprises in sectors such as energy, aviation and telecoms to private investment and others, such as railways and hotels, to full privatization."

Go deeper: The world's fastest growing economy, in one of its poorest nations.

Go deeper

Dion Rabouin, author of Markets
27 mins ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
58 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

2 hours ago - Politics & Policy

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.