Stories by Dan Primack

Stripe becomes the third-highest-valued U.S. startup

stripe logo
Illustration: Aïda Amer/Axios

Stripe, a San Francisco-based online payment infrastructure company, is raising $250 million in new funding at a $35 billion valuation.

Why it matters: This would put Stripe third on the highest-valued U.S. startup list, but the 2 companies ahead of it are WeWork and Juul.

Wall Street is scared of Elizabeth Warren

Illustration of  Sen. Elizabeth Warren scaring big tech and big farms
Illustration: Sarah Grillo/Axios

Wall Street's fear of Elizabeth Warren puts its many never-Trumpers in an electoral pickle.

The big picture: Warren regularly aims her ire at professional financiers, whereas progressive rival Bernie Sanders is typically more generic in his "millionaires and billionaires" rhetoric.

Altria's Juul investment is in trouble

Illustration of a Juul sticking out of a carton of Marlboro cigarettes
Illustration:Aïda Amer/Axios

Altria's $12.8 billion investment for a 35% stake in Juul is at risk of becoming one of the worst corporate investments of all time.

The big picture: Sometimes it's darkest before the light, but right now it looks like Altria got smoked.