Photo: Robert Nickelsberg/Getty Images
Crowdstrike is in talks with Goldman Sachs to lead its initial public offering (IPO), which is expected early next year, Reuters' Liana Baker and Carl O'Donnell report.
The trend: While most cybersecurity companies don’t make it to the IPO stage, instead opting for the acquisition route, Crowdstrike is joining a growing list cyber firms that have chosen to go public. It's unclear whether Crowdstrike's stock price will trade at or above the IPO price.
Illustration: Eniola Odetunde/Axios
The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.
Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.
Illustration: Sarah Grillo/Axios
Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images
NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.
What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.