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Palestinian president calls Bahraini normalization "betrayal of the Palestinians and Jerusalem"

Palestinian President Mahmoud Abbas condemned the U.S.-brokered Bahrain-Israel agreement, as his office issued a statement, saying “the Palestinian leadership see this as a betrayal of the Palestinian issue, of Jerusalem and of the al-Aqsa mosque” by Bahrain.

Why it matters: The Bahraini decision to follow the Untied Arab Emirates and normalize relations with Israel is a further blow to the Palestinians, who are losing Arab support. Earlier this week, the Palestinians failed to get the Arab League to back them in condemning the Israel-UAE agreement.


What they're saying: The statement by Palestinian leadership also noted that Bahrain “is legitimizing the crimes of the Israeli occupation against the Palestinian people,” and called on the Bahraini government to reverse its decision to normalize relation with Israel.

  • PLO secretary general Saeb Erekat said: “The UAE and Bahrain are contributing to Trump's presidential campaign at the expense of the inalienable rights of the people of Palestine. The normalization race is not the answer to the achievement of Palestinian freedom and independence.”

The impact: Palestinian foreign minister Riyad Al-Maliki announced that he will recall the Palestinian ambassador in Manama as a protest to the Bahraini move.

  • The Palestinians withdrew their ambassador from Abu Dhabi a month ago after the UAE normalized relations with Israel.

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Podcast: The Super League's rise and fall

Just after midnight this past Sunday, 12 of the richest and best-known European soccer clubs announced an agreement to form what they called the Super League. By Wednesday morning, outcry from fans, politicians and other soccer organizations stopped the Super League in its tracks.

Axios Re:Cap is joined by Financial Times sports editor Murad Ahmed to discuss the Super League’s very short roller coaster ride, why it struck such a nerve, and how the financial motivations behind the Super League could reshape soccer even if the Super League is never revived.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

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JPMorgan commits $30 billion to fight the racial wealth gap

Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

JPMorgan Chase announced Thursday a $30 billion investment over the next five years that the company says will address some of the largest drivers of the massive wealth gap between Black and white Americans.

  • The commitment makes the bank by far the largest monetary contributor to efforts by businessesto fight systemic inequality and racismin the U.S.
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