Photo illustration: Axios Visuals

Airbnb has raised $1 billion in debt and equity from Silver Lake and Sixth Street Partners.

Why it matters: Airbnb, like the rest of the travel industry, has taken a major business hit as a result of the coronavirus pandemic. The company recently halted all marketing spend and froze hiring. Questions also remain about its plans to go public this year.

  • Though the company didn't share how the deal values the company, Airbnb recently lowered its 409a valuation (an internal appraisal of its value) to $26 billion, down from $31 billion when it last raised funding, Axios has learned.
  • The new deal does not include any ratchets or coercive terms imposing conditions on the company, such as a timeline to go public, a source tells Axios.
  • There was no secondary sale as part of the deal either.

Go deeper: The gig economy's coronavirus test

Go deeper

America's rush for young poll workers

Note: Colorado is a mail-in ballot state, but they also offer in-person polls.; Map: Danielle Alberti/Axios

Local elections officials are sprinting to recruit younger poll workers ahead of November after elderly staff stayed home en masse to avoid coronavirus during primary elections.

Why it matters: A Pew Research analysis reports that 58% of U.S. poll workers in the 2018 midterms were 61 or older. Poll worker shortages can cause hours-long voting lines and shutter precincts.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 3:30 p.m. ET: 18,897,857 — Total deaths: 710,136— Total recoveries — 11,402,427Map.
  2. U.S.: Total confirmed cases as of 3:30 p.m. ET: 4,854,690 — Total deaths: 159,433 — Total recoveries: 1,577,851 — Total tests: 58,920,975Map.
  3. Politics: Pelosi rips GOP over stimulus negotiations: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Fauci says task force will examine aerosolized spread.
  5. Business: The health care sector imploded in Q2More farmers are declaring bankruptcyJuly's jobs report could be an inflection point for the recovery.
  6. Sports: Where college football's biggest conferences stand on playing.
2 hours ago - Podcasts

America's middle class pandemic

Each day that goes by without a COVID-19 stimulus agreement is another day of worry for many in America's middle class, which was already shrinking before the pandemic began.

Axios Re:Cap digs into middle class myths and realities with Jim Tankersley, a New York Times economics reporter and author of the new book, "The Riches of This Land."