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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

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.

Felix Salmon, author of Capital
7 mins ago - Economy & Business

Inflation will rise. Don't panic

Illustration: Annelise Capossela/Axios

It's been 40 years since America last saw a damaging level of inflation. Yet despite that — or perhaps because of it — inflation fears are widespread, and could even become self-fulfilling.

Why it matters: The government's strategy for bringing back employment and widespread prosperity involves a necessary — yet temporary — increase in inflation. When an entire generation has never experienced such a thing, that can be disconcerting. And for the time being, Americans are not buying what the government is selling.