Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. 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!

Denver news in your inbox

Catch up on 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!

Des Moines news in your inbox

Catch up on 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!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

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!

Axios' Dave Lawler and Bethany Allen-Ebrahimian hosted a conversation on the future of U.S. foreign policy, the power players in Asia and what's next in the Middle East, featuring the Carnegie Endowment for International Peace's President William Burns, Vice President for Studies Evan Feigenbaum and Carnegie Middle East Center Director Maha Yahya.

Maha Yahya discussed the current crisis in Lebanon and the decision faced by many Arab states on whether to try a more inclusive model of governance or maintain the status quo.

  • On the current state of affairs in Lebanon: "Lebanon is facing not only [a] massive governance challenge, which has driven the country not to the brink of an abyss but actually into the abyss. Lebanon today is facing a perfect storm of massive economic and financial crises."
  • On the impact of the deadly explosion in Beirut: "It's complete criminal negligence...This is Lebanon's own Chernobyl. A mix of bad governance, corruption, then everything that comes in between."

Evan Feigenbaum unpacked Chinese and American tensions in Asia, highlighting the impact on other states in the region.

  • On whether Asia will become more Chinese or American-centric: "I think there's enormous ambivalence about the rise of Chinese power from Tokyo to New Delhi to Hanoi, really all over the region...the region is really heading for a future that looks more like fragmentation than either unipolarity."
  • On the race for a COVID-19 vaccine: "If China gets to a [COVID-19] vaccine first, it will have enormous psychological effects in the region. It will showcase Chinese innovation, Chinese technology."

William Burns discussed the need to partner with global allies, as well as where the relationship between the U.S. and Iran currently sits.

  • On the U.S.'s biggest strength in foreign policy: "Our biggest asset...is our capacity to draw on alliances. That's what sets us apart from lonelier powers like China or Russia today."
  • On the impact of the Trump administration withdrawing from the Iran Deal: "The result has been...an Iran that's gradually restarting its nuclear program...We've done serious damage to some of our most important alliances, especially with our European allies, by pulling out of the deal against their wishes and their arguments. We've opened the door, I think, for China to strengthen its relationship with this Iranian regime."

Thank you Carnegie Endowment for International Peace for partnering with us on this event.

Go deeper

Nov 22, 2020 - World

Netanyahu says Biden must not go back to Iran deal

Photo: Abir Sultan/Pool/AFP via Getty Images

Israeli Prime Minister Benjamin Netanyahu said Sunday that President-elect Biden's administration “must not go back to the 2015 nuclear deal with Iran."

Why it matters: The comments — at the annual memorial ceremony for David Ben-Gurion, Israel’s first prime minister — signal that Netanyahu is planning to repeat the public campaign against an Iran deal that he engaged in during the Obama administration.

USAID chief tests positive for coronavirus

An Air Force cargo jet delivers USAID supplies to Russia earlier this year. Photo: Mikhail Metzel/TASS via Getty Images

The acting administrator of the United States Agency for International Development informed senior staff Wednesday he has tested positive for coronavirus, two sources familiar with the call tell Axios.

Why it matters: John Barsa, who staffers say rarely wears a mask in their office, is the latest in a series of senior administration officials to contract the virus. His positive diagnosis comes amid broader turmoil at the agency following the election.

Bryan Walsh, author of Future
3 hours ago - Health

COVID-19 shows a bright future for vaccines

Illustration: Annelise Capossela/Axios

Promising results from COVID-19 vaccine trials offer hope not just that the pandemic could be ended sooner than expected, but that medicine itself may have a powerful new weapon.

Why it matters: Vaccines are, in the words of one expert, "the single most life-saving innovation ever," but progress had slowed in recent years. New gene-based technology that sped the arrival of the COVID vaccine will boost the overall field, and could even extend to mass killers like cancer.

Get Axios AM in your inbox

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!