Axios

Israeli Prime Minister Benjamin Netanyahu said Tuesday that Israel will end the ceasefire and resume the war in Gaza if Hamas doesn't "return our hostages by Saturday at noon."

Why it matters: This is the most serious crisis the Gaza hostage and ceasefire deal has faced since it was signed in January. If both Hamas and Israel stick to their current positions, the war will resume this weekend.

Bain Capital disclosed that it is considering the "option of withdrawing" its hostile $4.2 billion takeover bid for Japanese tech group Fuji Soft, after KKR raised its own offer to $4.3 billion.

The big picture: It wasn't too long ago that U.S. private equity firms were steering clear of Japan, to the point of closing offices.

The United States was perceived as the most corrupt it's been since 2012 in a watchdog group's annual index of nations around the globe.

The big picture: The U.S. received its lowest ever Corruption Perceptions Index score since Transparency International's current scale was established in 2012, according to the group's annual global ranking of public sector corruption across 180 countries released Tuesday.

Google Maps users in the U.S. can now officially see the "Gulf of America" label over the Gulf of Mexico.

Why it matters: The name change, ordered by President Trump upon taking office, has sown confusion among journalists, map makers and government agencies.

President Trump on Monday imposed blanket 25% tariffs on imports of steel and aluminum, an escalation of trade tensions with ripple effects that might be felt by American consumers.

Why it matters: The metals are critical inputs for cars, electric appliances, homebuilding materials and more. Manufacturers will face higher costs that might ultimately be passed to shoppers.

The Trump Department of Justice asked prosecutors Monday to drop federal charges against indicted New York City Mayor Eric Adams (D), a source familiar with the matter confirmed.

The big picture: Acting Deputy Attorney General Emil Bove requested the corruption case involving bribery and fraud charges against the first NYC mayor to be indicted while serving in office be dismissed without prejudice "as soon as is practicable."

President Trump said on Monday that if Hamas doesn't release "all hostages" it is holding in Gaza by noon on Saturday the ceasefire deal with Israel should be canceled.

Why it matters: Trump's public message comes after Hamas announced earlier on Monday that it will suspend the release of three Israeli hostages planned for Saturday due to "Israeli violations."

Israeli Prime Minister Benjamin Netanyahu asked U.S. Secretary of Commerce nominee Howard Lutnick during their meeting in Washington on Friday to give Israel a waiver that would exempt it from proposed regulatory controls on advanced AI chips, two sources with knowledge of the issue said.

Why it matters: Advanced computing chips are crucial for Israel's tech and defense industries to develop AI systems.

Palestinian president Mahmoud Abbas has issued a decree on Monday revoking the system of payments to families of Palestinian prisoners in Israeli jails or to families of Palestinians who were killed or wounded during attacks against Israelis.

Why it matters: The system — referred to as "pay for slay" by the first Trump administration and the Israeli government — was a major point of friction between the U.S. and the Palestinian Authority.

Hamas announced on Monday it is suspending the next release of hostages planned for Saturday until further notice and claimed Israel violated the ceasefire agreement.

Why it matters: A delay in releasing the hostages would itself be a clear violation of the Gaza ceasefire deal and could lead to its collapse and the resumption of the war.

The Kremlin issued a warning on Monday about the fragility of current U.S.-Russia relations, after refusing to confirm that President Trump and Russian President Vladimir Putin recently spoke, multiple outlets reported.

Why it matters: Trump repeatedly pledged on the campaign trail to speedily end the Russia-Ukraine war, but Russian leaders said on Monday that Putin's stipulations had to be met before any resolution would be possible.

President Trump said he'll announce 25% tariffs on steel and aluminum imports on Monday and "reciprocal tariffs" later this week.

The big picture: Trump campaigned on using tariffs to boost the economy and revive the domestic industry, which economists have warned would hit U.S. consumers, though he's so far mostly quickly pulled back on such threats.

A federal court temporarily blocked the Trump administration on Sunday from sending three Venezuelan men from immigration detention in New Mexico to Guantánamo Bay Naval Base in Cuba.

The big picture: President Trump announced in a memorandum late last month plans to house at Guantánamo Bay up to 30,000 immigrants suspected of being in the U.S. illegally as part of his immigration crackdown.