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Photo: Mikhail Svetlov/Getty Images

Israeli Prime Minister Benjamin Netanyahu's trial on charges of bribery, fraud and breach of trust is set to begin on March 17 at the district court in Jerusalem, the court announced today.

Why it matters: Netanyahu's trial will begin two weeks after the March 2 elections, likely in the middle of efforts to form a new government.

The big picture: The announcement of the trial date is expected to affect the remaining period of the election campaign. The Blue and White Party led by Benny Gantz will likely use it in order to convince voters Netanyahu will not be able to serve as prime minister, as he will be totally consumed by his trial. 

  • Netanyahu said in an interview with Israel's Army Radio Tuesday that he doesn't think the trial will prevent him from performing his duties as prime minister, stressing that he has the ability to defend himself in court and run the country simultaneously. 

According to several polls from recent days, neither Netanyahu nor Gantz will win enough seats in the next Knesset to form a right-wing or a center-left coalition.

  • The fact that the trial will begin during new coalition negotiations is expected to remove the possibility of a unity government led by Netanyahu.
  • This will make the formation of a new government even more difficult, raising the possibility of further political deadlock and an unprecedented fourth round of elections.

Go deeper

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Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Americans shrug off Omicron, Axios-Ipsos poll finds — CDC director says number of U.S. Omicron cases "likely to rise."
  2. Vaccines: Omicron gives a shot to boosters — U.S. announces $400M for global COVID vaccine distribution — Vaccine mandates lose steam in the U.S. while Europe doubles down.
  3. States: Gov. Hochul will order some NY hospitals to halt elective surgeries — Nevada to impose insurance surcharge on unvaccinated state workers.
  4. World: EU drug regulator backs mixing COVID vaccines — Poor global equity likely in COVID pill access — CDC raises travel advisories for France, Portugal to highest level amid COVID surge.
  5. Variant tracker: Where different strains are spreading.

Mark Meadows will stop cooperating with Jan. 6 panel, attorney says

Photo: Chris Kleponis/Polaris/Bloomberg via Getty Images

Former White House chief of staff Mark Meadows will no longer cooperate with the House select committee investigating the Jan. 6 Capitol insurrection, his attorney told Fox News Tuesday.

Why it matters: Meadows, who failed to appear before the panel last month, is believed to have insight into former President Trump's role in efforts to stop the certification of President Biden's election win.

Updated 6 hours ago - Economy & Business

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.