Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Mnuchin arrives in Israel from the UAE. Photo: Matty Stern/U.S. Embassy Jerusalem/Handout via Getty

Treasury Secretary Steve Mnuchin was confronted by Yitzhak Rabin's daughter last week after a speech on the Arab-Israeli peace process in which he seemed to overlook the role of the late Israeli prime minister.

Why it matters: Rabin is quite a major figure to leave out. He's remembered for making peace with Jordan, sealing the Oslo Accords with the Palestinians, and establishing relations with Morocco, Oman and Tunisia.

What happened: Mnuchin was addressing Israeli, Emirati and American businesspeople in Abu Dhabi. He gave a historical overview of previous peace talks but didn't mention Rabin, several people who were in the room say.

  • Mnuchin spoke about the 1979 Israel-Egypt peace agreement and mentioned the work of U.S. President Jimmy Carter, Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin.
  • He then moved onto the 1994 Israel-Jordan peace agreement, mentioning the work of Bill Clinton and Jordan's King Hussein but not Rabin, who negotiated and signed that agreement
  • He also left out the Oslo Accords, which Rabin, Clinton and Yasser Arafat negotiated.

Between the lines: The omission may have been unintentional, but it stunned at least one attendee: Dalia Rabin, the late prime minister's daughter, according to a person who discussed it with her.

  • She approached Mnuchin immediately after the speech, asking why he failed to mention her father and whether he thinks her father’s work for peace was unimportant.
  • A surprised Mnuchin told her, “This was my speech and I don’t owe you any explanations."

What they're saying: Mnuchin didn't realize he was speaking with Rabin's daughter, according to assistant secretary of the Treasury for Public Affairs Monica Crowley.

  • "She did not introduce herself or otherwise identify her relationship to the prime minister. After their brief conversation, the secretary inquired of another guest as to her identity," Crowley told me.
  • "It is unfortunate because if she had properly introduced herself, the secretary would have been happy to discuss her father and his historic legacy of peace."

Worth noting: Next week, Israel will commemorate the 25th anniversary of Rabin’s assassination by an Israeli terrorist who opposed the Oslo Accords.

Go deeper

Jan 27, 2021 - World

Netanyahu doesn't want a fight with Biden over Iran — yet

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

Israeli Prime Minister Benjamin Netanyahu, hoping to avoid an immediate clash with President Biden over Iran, will give dialogue a chance, Israeli officials say.

Why it matters: Biden intends to try to resume the 2015 nuclear deal, which Netanyahu vehemently opposes. The two are on a collision course, and memories are fresh of the crisis in U.S.-Israel relations when Netanyahu was publicly campaigning against Barack Obama's attempts to reach a deal — including in a speech to Congress.

Updated 12 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."