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!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

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!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Netanyahu campaigns ahead of the election. Photo: Amir Levy/Getty Images

Israeli Prime Minister Benjamin Netanyahu failed to form a government before his mandate expired on Tuesday night, putting him in the most vulnerable position he has faced politically since becoming prime minister in 2009.

Why it matters: This is the third time in the last two years that Netanyahu has had the first crack at forming a government but failed to do so. But this time, his rivals may be able to form a government without him.

What's next: President Reuven Rivlin has three days to hold consultations with the various parties before deciding who will receive the mandate next.

  • Rivlin’s aides tell me he's most likely to give the mandate to the centrist opposition leader, Yair Lapid, who has at least 45 members behind him in the 120-seat Knesset.

Behind the scenes: For almost two weeks, it has been clear that Netanyahu didn't have a path to a majority.

  • He has focused instead on trying to drive a wedge between Lapid and Naftali Bennett, the leader of a right-wing party. The two have been negotiating toward an alternative government.
  • Netanyahu considered unprecedented steps to try to sabotage the transfer of the mandate to Lapid, Tal Shalev reported for Walla News, including falsely notifying Rivlin that he formed a government. After his plans were exposed, he backed off.
  • Netanyahu has also considered ordering his right-wing bloc to recommend to Rivlin that he give the mandate to Bennett, rather than Lapid. Netanyahu could then pressure Bennett to negotiate only with his fellow conservatives. But that plan too fell apart after Bennett refused to rule out negotiations with Lapid.

The state of play: The outlines of a potential Lapid-Bennett power-sharing deal are already clear.

  • Despite Bennett's party only winning seven seats in the Knesset, Lapid would allow him to serve as prime minister for two years before he would rotate into the job for another two years.
  • The center-left, which won more seats, would control most government ministries, however. All government decisions would have to be decided by consensus, and each bloc would have veto power.
  • The government would steer clear of controversial ideological issues and focus on the post-COVID recovery, the economy and restoring some unity to the country after four consecutive election campaigns.

Yes, but: It's no sure thing that Lapid and Bennett will be able to iron out all the remaining issues and replace Israel's longest-serving prime minister.

What to watch: For Netanyahu, this is a desperate moment. In addition to watching the mandate pass to his rivals, he's also facing an ongoing corruption trial that could eventually land him in prison.

  • Still, the lesson of recent Israeli politics is to never count him out.

Go deeper

Pelosi's Republican playbook

Illustration: Aïda Amer/Axios

As Republicans fight among themselves, House Speaker Nancy Pelosi (D-Calif.) is showing the myriad ways she deals with the GOP herself.

Between the lines: We've seen Pelosi cut opponents off at the knees, like she did with President Trump, or pretend to forget their names, as she did to Sen. Ron Johnson (R-Wis.). Now she's feeding oppo research against her House counterpart, Minority Leader Kevin McCarthy (R-Calif.), so others can use the same harsh rhetoric to frame the Republicans as the party of dysfunction.

Exclusive: Houston mayor to lead Black mayors group

Houston Mayor Sylvester Turner speaks during a private funeral for George Floyd. Photo: Godofredo A. Vásquez/Pool/Getty Images

The mayor of the city where George Floyd was raised is taking over a group that represents 500 Black mayors in the U.S. amid national pressure to revamp police departments.

Why it matters: Houston Mayor Sylvester Turner will become the new president of the African American Mayors Association as municipalities across the country examine police reforms and deal with the economic fallout from the pandemic.

Delivery industry sees biggest monthly job losses in more than 20 years

Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

The pandemic's biggest job winner is losing steam.

Driving the news: People who deliver packages to businesses and homes — classified as "couriers and messengers" by the Labor Department — saw the industry's biggest monthly job losses in more than 20 years in April.