Carvana has filed for an IPO, making it the third company to do so on Friday (following Cloudera and Frontier Airlines). This is the Phoenix-based company that lets people buy used cars online, and then pick them up from what looks like the world's largest vending machines.

Top line: The company's revenue and losses both grew substantially last year. Revenue was up from $130 million to $365 million, while net loss climbed from $37 million to $93 million. A majority of its unique views (54%) came via mobile.

The offering: Carvana plans to trade on the NYSE, with Wells Fargo serving as lead underwriter. It is filing to raise $100 million, but that's likely a placeholder figure.

TV time: Normally we wouldn't post a company's promotional video but, come on, this is a vending machine for cars!

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 11,304,534 — Total deaths: 531,659 — Total recoveries — 6,111,195Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 2,841,124 — Total deaths: 129,689 — Total recoveries: 894,325 — Total tested: 34,858,427Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona hot spot near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineNew Jersey gov. wants national face mask requirement
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
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When MLB teams arrived at the ballpark this weekend for the first summer workouts of 2020, the comforting sounds of baseball brought smiles to players' faces.

Between the lines: Even the loudest crack of the bat couldn't mask the eerie silence or distract from the ever-present coronavirus threat.

4 hours ago - Health

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