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!

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!

Orban (L) and Netanyahu in Jerusalem. Photo: Debbie Hill/AFP/Getty Images

Israel is negotiating with Hungary's government over the future contents of a new revisionist Holocaust museum to be opened in Budapest. Israeli officials told me the nationalist right-wing Hungarian government led by Viktor Orbán wants to use the museum to whitewash any involvement of the Hungarian state or the Hungarian people in Nazi crimes during World War II.

The bigger picture: This is another example of a populist government in central Europe trying to rewrite the history of World War II and distance themselves from any history of antisemitism or cooperation with the Nazis. Prime Minister Benjamin Netanyahu's government is accommodating those steps because it needs the support of the central European governments – mainly Hungary, Poland and the Czech Republic — inside the EU.

  • Flashback: After Poland passed a controversial law in February making it illegal to attribute crimes committed during the Holocaust to Poland, Netanyahu ended the ensuing diplomatic crisis by cutting a deal with the Polish government and accepting its revisionist narrative.

In the last few months, Orbán's government in Hungary has started working on a new Holocaust museum called "The House of Fates."

  • Orbán appointed historian Maria Schmidt to lead the initiative. Schmidt, who is close to Orbán's party, is known for her revisionist work regarding the Holocaust in Hungary. She's at the forefront of a new historical narrative which underestimates the role of the Hungarian state and the Hungarian people in the murder of hundreds of thousands of Hungarian Jews during the Holocaust.
  • An Israeli official tells me the Israeli foreign ministry objects to any attempt to divert from the historical facts. But the Israeli prime minister's office didn’t agree and decided to enter into negotiations with the Hungarians about the contents of the museum. Two of Orbán's advisers arrive in Israel and will meet on Thursday with Netanyahu's diplomatic adviser Reuven Azar.
  • The Israeli official told me Netanyahu's office didn't invite any representative from the foreign ministry to take part in the talks, and there is real concern in the foreign ministry that Netanyahu will make the same compromises he made with the Polish Holocaust bill.

The Jewish community in Hungary is also very concerned about Orbán's move. The president of the Hungarian Jewish community arrived in Israel for an emergency visit and met several politicians and officials. He didn't get a meeting with Netanyahu's aides.

  • The Israeli prime minister's office told me: "The Hungarian government wants to reach consensus regarding the narrative of the 'House of Fates' as a precondition for its opening. Israel and other parties are waiting to hear the updated Hungarian position in order to reach the aspired consensus."

Go deeper

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.

China's crypto throwdown

Illustration: Sarah Grillo/Axios

China's latest move to ban cryptocurrency shows how tough it will be for the technology to deliver on its backers' vision of disruptive, decentralized change.

The big picture: Control of the currency is a foundation of sovereignty, and governments don't plan on losing that control even as money inevitably turns digital.