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Andres Manuel Lopez Obrador. Photo: Carlos Tischler/Getty Images

Mexico's incoming president, Andres Manuel Lopez Obrador, is hoping to tackle the country's increasing drug problem, Reuters reports.

Why it matters: Mexico is "[reeling] from a militarized drug war," per Reuters. Obrador hopes to "rewrite the rules of the drug war," proposing decriminalization, taking military personnel off the streets, and honing in on the causes of poverty which feed into the drug war.

The administration is adopting a concept of "transitional justice," Reuters reports. Obrador's proposed interior minister Olga Sanchez said: "Not only will it be amnesty, it will be a law to reduce jail time."

  • Sanchez said the new administration — which takes office in December — "will propose decriminalization, create truth commissions, we will attack the causes of poverty, we will give scholarships to the youth and we will work in the field to get them out of the drug situation."
  • Obrador's security minister pick, Alfonso Durazo, said that within three years they hope to remove some of the military from the streets, Reuters reports, and professionalize police.

Flashback: The approach somewhat mirrors one taken by former president Lazaro Cardenas in 1940, Reuters explains, when he decriminalized drugs and proposed treating addicts as patients — not criminals. The changes last six months before "shortages of cocaine and morphine during World War Two" resulted in the law being cancelled.

What's next: After the administration gets into office, the plan will be proposed to the public for feedback. If it receives support, it will be sent to Congress.

Go deeper

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

3 hours ago - Health

Moderna says COVID vaccine shows strong immune response in kids

Photo: Martin Galindo/Long Visual Press/Universal Images Group via Getty Images

Moderna on Monday released trial results for its coronavirus vaccine for children aged 6 to 11, saying it provides a "robust" immune response after two doses.

Why it matters: Moderna said it will officially submit the results to the Food and Drug Administration for authorization in "the near term," meaning we could soon see two coronavirus vaccines available to protect approximately 28 million more kids in the U.S.