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Photo: Jason Kempin/Getty Images for Politicon

Former South Carolina governor and Rep. Mark Sanford announced Tuesday that he is ending his presidential campaign.

Why it matters: Sanford, a deficit hawk whose opposition to Trump resulted in him losing his House primary in 2018, was always a long shot to unseat the president as the Republican nominee in 2020. Former Massachusetts Gov. Bill Weld and former Illinois Rep. Joe Walsh remain in the race.

Go deeper: Trump's approval rating among Republicans has never dipped below 79%

Go deeper

28 mins ago - World

South Korean president: Trump "beat around the bush and failed" on North Korea

South Korean President Moon Jae-in speaking in Seoul in March 2021. Photo: Jeon Heon-Kyun/POOL/AFP via Getty Images

South Korean President Moon Jae-in criticized former President Trump's attempts to denuclearize the Korean Peninsula, telling the New York Times he "beat around the bush" with North Korea and "failed to pull it through."

Why it matters: Moon, now in his final year in office, called denuclearization a "matter of survival" for South Korea and urged President Biden to resume negotiations with North Korean leader Kim Jong-un after a standstill of nearly two years.

43 mins ago - World

U.S.-Israel tensions build as Iran talks progress

Photo illustration: Aïda Amer/Axios. Photos: Eric Baradat (AFP), Gali Tibbon (AFP)/Getty Images

As nuclear talks in Vienna enter a critical stage, the gaps and suspicions over Iran between the Israeli government and the Biden administration are growing.

Why it matters: Both sides want to avoid the kind of public fight that emerged during the negotiations over the 2015 deal. But in private, there's growing frustration on both sides about the lack of trust, coordination and transparency.

1 hour ago - Politics & Policy

Cadillac's electric shift begins with launch of 2023 Lyriq SUV

2023 Cadillac Lyriq. Photo: GM

GM plans to start taking orders in September for the 2023 Cadillac Lyriq, a striking electric SUV coming early next year at a starting price of $59,900.

Why it matters: The production version of the Lyriq, which debuted Wednesday, marks the beginning of the luxury brand's phaseout of gasoline-powered vehicles by 2030.