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Israeli Prime Minister Benjamin Netanyahu speaks during an August news conference in Jerusalem. Photo: Debbie Hill/AFP via Getty Images

Prime Minister Benjamin Netanyahu announced plans for a "full lockdown" after Israel reported a new daily coronavirus cases record of 6,923 infections Wednesday.

Why it matters: Israel last Friday became the first developed country to re-enter lockdown. While schools, retailers and other businesses closed for the three-week measure, there are exemptions including for people to pray, go to work, exercise and protest. The new two-week restrictions that still needs Cabinet's full approval aims to address this, AP notes. "The goal is to reduce the rate of infection, and the goal is literally to save many lives in Israel," Netanyahu said.

Go deeper

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: It's very difficult to get access to antiviral COVID treatments — Axios-Ipsos poll: Omicron's big numbersAnother wave of death — FDA limits use of Regeneron and Lilly antibody treatments.
  2. Vaccines: Pfizer begins clinical trial for Omicron-specific vaccine — The shifting definition of fully vaccinated.
  3. Politics: New York Supreme Court grants stay for indoor mask mandate — Neil Young demands Spotify take down music over vaccine misinformation — Biden admin withdraws temporary vaccine-or-test mandate for large employers.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker
Dec 31, 2020 - Health

WHO lists Pfizer COVID-19 vaccine for emergency use

A healthcare worker giving a patient a dose of Pfizer-BioNTech's coronavirus vaccine in Florida on Dec. 30. Photo: Marco Bello/Anadolu Agency via Getty Images

The World Health Organization on Thursday listed Pfizer-BioNTech's COVID-19 vaccine for emergency use.

Why it matters: The approval — the WHO's first for a coronavirus vaccine — may allow some countries to expedite their own regulatory approval processes so they can import and administer the vaccine quicker, the WHO said.

Fed: Rate hikes "will soon be appropriate"

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

Federal Reserve officials expect "it will soon be appropriate" to raise the central bank's main target interest rate, setting the stage for a rate hike at its next meeting in mid-March.

Driving the news: In a statement following a two-day meeting published Wednesday afternoon, however, the policy-setting Federal Open Market Committee teed up its next move without taking new action.