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!

Illustration: Sarah Grillo/Axios

With Brexit talks still deadlocked, U.K. Prime Minister Theresa May has been forced to admit she may need more time to finalize a divorce agreement with the EU.

The bottom line: "May is under increasing pressure from her colleagues to take a tougher line, but in reality she is going to have to accept more compromises to broker any deal with Brussels," the FT's Sebastian Payne emails. "The outlines of a withdrawal agreement are clear. Now it is all about the tricky politics of selling it to a cabinet, party and country that are running out of patience."

The key remaining issue is what will happen on the border between Northern Ireland, a constituent of the U.K., and the Republic of Ireland. A "hard" border could have implications not only for economics, but for peace. But the EU's terms for a "soft" border don't past muster with many in Northern Ireland and May's Conservative Party.

Payne says that May "went to Brussels this week desperate for a Brexit breakthrough and left empty-handed."

  • "She has now suggested extending the so-called 'transition' phase, in which the U.K. remains closely tied to the bloc but with no say in its laws and regulations. She hopes that this will give her the political space to advance her proposals for the future of the Irish border and make progress on a long-term free trade deal. "
  • The problem: "Her party’s already skeptical members of parliament are very skeptical of her plan."
  • "Negotiations will pick up again shortly, but May's breakthrough won't come until the Irish border conundrum is resolved. EU negotiators are standing firm, knowing that time is on their side and the U.K. will suffer more if it leaves the bloc next March without a formal agreement. The markets have yet to wake up to the real prospect of a messy 'no-deal' exit. If they do, it could focus the minds of the prime minister and her party."

Peter Foster, the Telegraph's Europe Editor, has this withering analysis of where things went wrong for May:

  • "Right from the start... when she made herself hostage to totally unrealistic promises on completely leaving the single market, customs union and European Court of Justice, May has failed to explain that the Brexit process must be taken one step at a time."
  • "It could have been conceived as a series of ‘lily-pads’ to take us safely to the other side of the pond. Instead the fantasy of a giant leap was preserved. ... This indeed, is the story of the political mishandling of Brexit. A catalogue of desperate denials many of which have, over time, turned out to be false."

Meanwhile, Stephen Paduano argues in Foreign Policy that "Britain isn’t just losing Brexit. Europe is winning it."

"The biggest winners of Brexit — Dublin, Frankfurt, and Paris — have proved to be at least as effective at pulling business in as the Brexiteers have been at pushing business out."

Go deeper

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.

Tina Reed, author of Vitals
29 mins ago - Health

Omicron adds urgency to vaccinating world

Photo: Phill Magakoe/AFP via Getty Images

The emergence of the Omicron variant is bringing new urgency to global vaccination efforts.

Why it matters: New variants can emerge anywhere, and can spread everywhere. Getting doses to the developing world — and getting those doses into people's arms — is essential, and that effort has so far been lagging.

GOP courts anti-vaxxers with jobless aid

Illustration: Sarah Grillo/Axios

Republican officials around the country are testing a creative mechanism to build loyalty with unvaccinated Americans while undermining Biden administration mandates: unemployment benefits.

Driving the news: Florida, Iowa, Kansas and Tennessee have changed their unemployment insurance rules to allow workers who are fired or quit over vaccine mandates to receive benefits.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!