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Wednesday, November 22, 2023

 
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Axios PM
By Mike Allen · Nov 21, 2023

👋 Happy Tuesday! Today's PM — edited by Noah Bressner — is 581 words, a 2-min. read. Thanks to Sheryl Miller for the copy edit.

🚨 Situational awareness: Israel's Cabinet is meeting to vote on a deal between Israel and Hamas to free dozens of hostages and declare a multiday ceasefire, Axios' Barak Ravid writes.

  • Israeli Prime Minister Benjamin Netanyahu said the war will continue after the hostage deal pause "until Hamas is destroyed." Get the latest.
 
 
1 big thing: Thanksgiving travel hell
Illustration of a turkey pulling a suitcase.

Illustration: Allie Carl/Axios

 

Major storms are colliding with potentially record traffic numbers to make Thanksgiving travel a headache-inducing nightmare this year, Axios' Jacob Knutson writes.

  • Why it matters: Planning ahead and taking in some of these travel tips could save hours in the airport or car.

A series of storms is poised to strike a large part of the country this week — including the heavily populated Northeast.

  • Severe weather yesterday sparked powerful thunderstorms and reports of tornadoes from eastern Texas to the lower Mississippi Valley.
  • A storm system is moving from the southern Plains to the Northeast U.S. through Wednesday.
Total precipitation forecast through Sunday, showing heavy rain in the East. Much of the precipitation forecast for the Rockies would be in the form of snow. Image: Pivotal Weather

🧮 By the numbers: A record 55.4 million people are expected to travel 50 miles or more between tomorrow and Sunday, AAA projects.

  • The TSA estimates it will screen around 30 million passengers between Nov. 17 and 28. The agency said Sunday could be its busiest day ever.

Axios travel tips: Airports are likely to be hectic, so pack some patience.

  • You might be able to beat some of the crowd if you have a very early or evening flight. At most airports, the peak hour is between 8 and 9 a.m.
  • Roads will also be congested. The best times to drive on Thanksgiving are before 10 a.m. and after 5 p.m., according to AAA.

Keep reading ... Peak congestion by metro area.

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2. ⚖️ Another crypto titan falls
Changpeng Zhao speaks at last year's Web Summit in Portugal. Photo: Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images

Changpeng "CZ" Zhao — the founder and CEO of crypto exchange Binance — stepped down and pleaded guilty to money laundering violations, Axios' Crystal Kim writes.

  • Why it matters: Binance is the world's largest crypto exchange, and CZ has long been the most powerful player in the industry — even before Sam Bankman-Fried's downfall.

Binance will pay $4.3 billion in fines to settle U.S. criminal and civil charges in what Treasury Secretary Janet Yellen called a "historic action."

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A MESSAGE FROM NOVAVAX

Novavax is partnering to ensure public health
 
 

It’s cough/cold/COVID-19 season.

What’s new for 2023: Novavax’s updated COVID-19 vaccine is available nationwide.

Why you should care: You can help protect yourself, loved ones and colleagues by getting your COVID-19 vaccine.

 
 
3. Catch me up
Data: FactSet, U.S. Census Bureau. Chart: Axios Visuals
  1. 🏠 This housing shortage is historic. One gauge of the tightness of the U.S. housing market — the percentage of homes that are vacant — fell to the lowest level on record in August and ticked up only slightly in September. More from Axios' Matt Phillips.
  2. 🐦 Elon Musk's X — formerly Twitter — sued Media Matters for America for defamation yesterday after the left-leaning nonprofit released a report alleging that ads on the platform run next to pro-Nazi content, Axios' Kerry Flynn writes.
  3. 🎸 The Rolling Stones — with an average age of 78 — are hitting the road again in 2024 with a 16-city tour. It's sponsored by AARP (seriously), Axios' Troy Smith writes.
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4. 🦃 More stores closing on Turkey Day
Animated illustration of a sign reading, COME IN, WE'RE OPEN flipping over to read SORRY, WE'RE CLOSED.

Illustration: Brendan Lynch/Axios

 

The majority of the nation's largest retailers will keep their doors closed on Thanksgiving for the fourth year in a row, Axios' Kelly Tyko writes.

  • Why it matters: COVID ended the traditional holiday shopping season and pushed more deals online to reduce crowds in stores, a tradition retailers have continued.

Before 2020, many major stores kicked off in-person Black Friday sales on Thanksgiving before most ate dinner.

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A MESSAGE FROM NOVAVAX

Novavax is partnering to ensure public health
 
 

It’s cough/cold/COVID-19 season.

What’s new for 2023: Novavax’s updated COVID-19 vaccine is available nationwide.

Why you should care: You can help protect yourself, loved ones and colleagues by getting your COVID-19 vaccine.

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