Axios

The Biden administration is working to finalize an executive order to restrict outbound investments in China’s defense industry, aiming to release it later this summer, according to two sources familiar with the matter.

Why it matters: The proposed regulations represent a novel approach by the Biden administration to prevent China from gaining a military advantage in certain targeted technologies. But new regulations are always complicated, and the administration wants to avoid unintended consequences and uncertainty for U.S. investors.

The number of people living in modern slavery is growing, reaching 50 million in 2021 — an increase of 10 million in less than six years.

Driving the news: Longstanding factors like conflict, repressive governments and supply chains are, in part, driving the worsening situation. But additional conditions — including the pandemic, climate-induced migration and rollbacks of women's rights — have also become major drivers as well, according to a new report from the human rights group Walk Free.

The number of people living alone in the U.S. is on the incline while couples living together are decreasing, per newly released 2020 U.S. Census Bureau data.

Why it matters: The decennial census figures show the changing trends in demographics and housing for American families.

Texas police are becoming better equipped to face active shooters after the "abject failure" of the response to last year's Uvalde school shooting, a leading expert says — but critics are skeptical, insisting not enough is being done to hold police accountable.

The big picture: The May 24, 2022, shooting at Robb Elementary School that left 19 fourth graders and two teachers dead is among the deadliest in U.S. history.

A Chinese state-sponsored group has hacked into critical American infrastructure, including in the U.S. territory of Guam, Microsoft and the "Five Eyes" intelligence alliance warn.

Why it matters: Guam is home to three American military bases. The western Pacific island would play an important strategic role should the U.S. need to respond to any potential Chinese military attack on or blockade of Taiwan.

With this upcoming Memorial Day weekend projected to be the third busiest on record, travelers may want to consider the best and worst times to drive or fly.

The big picture: Those traveling can expect to see heavy traffic on roads and congestion at airports as air travel is expected to exceed pre-pandemic levels, according to AAA.

AARAMTA, LEBANON — The Lebanese Hezbollah militant group held a rare demonstration of the group's fighting power this week in an apparent attempt to remind the Lebanese people, Israel and Iran about its military capacity and role in the region.

Why it matters: The military exercise was unusual not only because it was made public — nearly 400 people attended, including Hezbollah supporters and several journalists — but also because it was conducted only 12 miles north of the Israeli border, just outside an area where militias are not allowed to operate under a UN Security Council resolution adopted in 2006.

There is optimism among the Biden administration and Israeli government officials that a ministerial meeting of the Negev Forum will take place on June 25 in Morocco after being postponed, four U.S. and Israeli officials told Axios.

Why it matters: Such a meeting would be a positive sign regarding the willingness of Arab countries, especially those who were part of the Abraham Accords, to work with Israel's right-wing government.

Israeli Minister for Strategic Affairs Ron Dermer and national security adviser Tzachi Hanegbi are expected in Washington next week for talks at the White House as concerns grow over advances in Iran's nuclear program and as the U.S. seeks to push for an Israel-Saudi Arabia peace deal, four Israeli and U.S. officials told Axios.

The big picture: Prime Minister Benjamin Netanyahu, who took power about five months ago, still hasn't received an invitation for a meeting with President Biden at the White House.