DoorDash order pick-up sign at a restaurant. Photo: Smith Collection/Gado/Getty Images
DoorDash has agreed to acquire food delivery rival Caviar from Square for $410 million in cash and stock, the companies announced on Thursday.
Why it matters: It was only a matter of time before consolidation hit this ultra competitive industry. Plus, Square has been looking to sell Caviar at least as far back as 2015, a year after it purchased it.
Illustration: Eniola Odetunde/Axios
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The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.
What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.
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TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.
Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."