Just two quarters into its life as a public company, online car marketplace Carvana is already acquiring a smaller competitor, Carlypso, for an undisclosed amount. Founded in 2013 in San Francisco, Carlypso has raised $1.3 million in funding and operated in three markets.

Why: According to Calypso co-founder and CEO Chris Coleman, the two companies' strengths are complimentary. Where his startup had mastered using data to accurately price cars and optimize everyone's margins, Carvana had advanced logistics, customer service, and financing operations. And in the end, Carvana's much bigger size just made it an attractive landing spot for Carlypso to put its technology to better use, says Coleman.

Industry consolidation: While a few years ago several companies set out to improve car buying with technology, not all of them are still in the race. Six months ago, we saw the shutdown of Beepi after a failed merger with another company. Meanwhile, others have done better, like Carvana, which went public in March, and Shift and Vroom, which recently raising new funding respectively.

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Deadly Hurricane Zeta slams U.S. Gulf Coast

A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Hurricane Zeta has killed at least one person after a 55-year-old man was "electrocuted by a downed power line" in Louisiana as the storm caused widespread power outages Wednesday night, per AP.

What's happening: Zeta made landfall south of New Orleans as a Category 2 hurricane earlier Wednesday before weakening to Category 1. But it was still "battering southeastern Louisiana and southern Mississippi with life-threatening storm surge, high winds, and heavy rain" late Wednesday, per the National Hurricane Center.

Updated 34 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Fauci says U.S. may not return to normal until 2022 — Trump's testing czar: Surge "is real" and not just caused by more tests Some coronavirus survivors have "autoantibodies."
  3. Business: Consumer confidence sinking Testing is a windfall.
  4. World: Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
1 hour ago - Health

Fauci says U.S. may not return to normal until 2022

Director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, testifies during a September Senate hearing on COVID-19 in Washington, D.C. Photo: Graeme Jennings/Pool/AFP via Getty Images

NIAID director Anthony Fauci told the Journal of the American Medical Association on Wednesday he doesn't expect a COVID-19 vaccine to be ready until January 2021 or later.

What he's saying: Fauci said during the interview that the U.S. was in a "bad position" after failing to keep case numbers down post-summer. "We should have been way down in baseline and daily cases and we’re not," he said.