A protester carries a placard with a picture of Netanyahu (R) and Gantz Photo: Jack Guez/AFP via Getty Images

The Supreme Court of Israel has unanimously struck down petitions seeking to block Prime Minister Benjamin Netanyahu, who has been indicted on corruption charges, from forming a coalition government with his former rival Benny Gantz.

Why it matters: The decision paves the way for the new government to be sworn in on May 13, bringing an end to more than a year of political deadlock in which Israel was forced to hold three consecutive elections.

The big picture: As part of the deal between Netanyahu and Gantz, Netanyahu will stay on as prime minister for at least another 18 months even as his corruption trial gets underway. The position will then rotate to Gantz, though many of Netanyahu's critics don't trust the longtime Israeli leader to leave office.

  • The coalition deal posits that Netanyahu can bring "the understandings with the Trump administration" about West Bank annexations up for debate in the cabinet, and potentially for a vote in parliament after July 1.
  • Netanyahu views the annexations as critical to his legacy, but they're widely opposed by many players in the international community. The Trump administration has told Israel it won't support the annexations unless Israel agrees to negotiate over a Palestinian state and fully endorses its Middle East peace plan.

Go deeper: Israel stunned as rivals Netanyahu and Gantz join forces

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U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled recovery as coronavirus cases surged and states pulled back on reopening plans.

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Damian Lillard shoots a free throw during one of the NBA's restart games. Photo: Mike Ehrmann/Getty Images

Sports are back, and on the surface, the actual gameplay looks fairly similar to when we last saw them.

But beneath that facade of normalcy lie some interesting trends spurred on by fan-less environments, long layoffs and condensed schedules.

A soaring Nasdaq is just one slice of the buy-anything market

Illustration: Aïda Amer/Axios

The Nasdaq closed above 11,000 for the first time on Thursday, ending the session higher for the seventh time in a row and eighth session in nine. It has gained nearly 10% since July 1.

Why it matters: It's not just tech stocks that have rallied recently. Just about every asset class has jumped in the third quarter, including many that typically have negative or inverse correlations to each other.