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Members of the U.S. women's soccer team celebrate after beating the Netherlands. Photo: Laurence Griffiths/Getty Images

The U.S. women's soccer team beat the Netherlands in a penalty kick shootout on Friday, propelling them to the semifinals of the Olympic Games.

Why it matters: The win brings the U.S. team one step closer to its quest for a historic back-to-back double — winning the Olympics after emerging victorious at the Women's World Cup. The U.S. will play Canada in the semifinals next week.

  • After 90 minutes of stoppage time and two 15-minute halves of overtime, the U.S. won the penalty kick shootout 4-2.
  • The U.S. team has already performed better in Tokyo than it did in Rio in 2016, when it was knocked out by Sweden in the quarterfinals.

Catch up quick: The Netherlands grabbed the lead early on a goal from Vivianne Miedema in the 18th minute.

  • The U.S. got an equalizer 10 minutes later from Lynn Williams and took the lead three minutes later on a goal from Samantha Mewis.
  • The Netherlands then knotted the score at 2 with a goal in the 54th minute, but failed to convert a penalty to take the lead in the 80th.
  • Both teams went scoreless in overtime. U.S. star Megan Rapinoe sealed the victory with the final penalty kick, following a pair of saves from U.S. goalkeeper Alyssa Naeher.

The big picture: Entering the tournament with an experienced squad — 17 played on the 2019 World Cup squad — the team rebounded from an early poor performance against Sweden, where it suffered a 3-0 defeat.

  • The U.S. players then breezed past New Zealand with a 6-1 victory in the second round of the group stage before drawing a 0-0 tie against Australia.

What's next: The U.S. team will face eighth-ranked Canada in the semifinals on Monday at 4:00 a.m. ET.

  • Australia will play Sweden.
Ina's view from inside the stadium:
Megan Rapinoe takes her penalty kick, which went in. Photo: Ina Fried
U.S. goalie Alyssa Naeher saves a penalty kick. She saved two during the shootout. Photo: Ina Fried
U.S. players run to the goal after winning the penalty kick shootout. Photo: Ina Fried
The U.S. women's soccer team celebrates winning. Photo: Ina Fried

Go deeper: U.S. women's soccer team seeks redemption on Olympic stage

Go deeper

American Jennifer Valente wins final women's cycling gold of Tokyo Games

Team USA's Jennifer Valente with a U.S. flag after winning the women's track cycling omnium points race during the Tokyo Olympic Games at Izu Velodrome in Izu, Japan, on Sunday. It was cycling's final gold medal available. Photo: Peter Parks/AFP via Getty Images

Team USA's Jennifer Valente won the Olympic gold medal in the women's cycling omnium event on Sunday.

The big picture: Japan's Yumi Kajihara won silver and the Netherlands' Kirsten Wild took bronze. It was Valente's second Tokyo Games medal, after winning bronze Tuesday in the team pursuit.

Go deeper: Full Axios Olympics coverage

Updated Aug 8, 2021 - Sports

U.S. clinches most Olympic gold medals after women's volleyball win

Team USA celebrate their victory in the women's Olympic gold medal volleyball match against Brazil at Ariake Arena in Tokyo on Sunday. Photo: Jung Yeon-je/AFP via Getty Images

The U.S. women's indoor volleyball team beat Brazil in three straight sets to win their Olympic final game and clinch Team USA the Tokyo Games' top spot for gold medals on Sunday.

Of note: The 25-21, 25-20, 25-14 win marked the first ever Olympic gold medal for the U.S. women's indoor volleyball team.

Biden's big bet backfires

Two key dealmakers — Sen. Joe Manchin (D-W.Va.) and Sen. Mark Warner (D-Va.) — leave a luncheon in the Capitol yesterday. Photo: Kent Nishimura/L.A. Times via Getty Images

President Biden bit off too much, too fast in trying to ram through what would be the largest social expansion in American history, top Democrats privately say.

Why it matters: At the time Biden proposed it, he had his mind set on a transformational accomplishment that would put him in the pantheon of FDR and JFK.