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Photo: Meghdad Madadi ATPImages/Getty Images

Iran's new President-elect Ebrahim Raisi said Monday he is not willing to meet President Joe Biden, AP reports.

The big picture: Raisi's election has come as nations are negotiating a potential return to the 2015 nuclear deal, and has placed "hard-liners firmly in control across the government," writes AP.

  • The Biden administration had hoped to finalize an agreement before the new president takes office, with a U.S. official telling Axios, "If we don't have a deal before a new government is formed, I think that would raise serious questions about how achievable it's going to be."
  • The U.S. has not been in the room in Vienna, where the talks are taking place, but have negotiated indirectly through EU intermediaries. The latest round of negotiations ended without a deal.

What's new: Iran's president-elect also indicated that he is not willing to negotiate over Tehran's ballistic missile program or Iran's support of regional militias, per AP.

Go deeper: Latest round of Iran nuclear talks end without deal

Go deeper

Sep 22, 2021 - World

Scoop: Jake Sullivan plans to visit Saudi Arabia, Egypt and UAE next week

Sullivan. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

White House National Security adviser Jake Sullivan is planning to travel to the Middle East next week, including a stop in Saudi Arabia. He would be the most senior Biden administration official to visit the kingdom.

Why it matters: Sullivan's first trip to the region since taking office is expected to include stops in Saudi Arabia, the United Arab Emirates and Egypt, sources briefed on the plans tell Axios. All three countries are longtime U.S. partners who have faced some early tensions with Biden.

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.