Axios

Dropbox, a file storage and sharing company, has filed for a $500 million initial public offering.

• Offering details: The San Francisco-based company plans to trade on the NASDAQ under ticker symbol DBX, with Goldman Sachs listed as left lead underwriter.
• Financials: Dropbox is not profitable yet. It reported net losses of $210.2 million and $111.7 million in fiscal 2016 and 2017, respectively. Dropbox brought in $844.8 million in revenue during the fiscal year of 2016, and $1.1 billion in fiscal 2017.

Appearing on Fox News' "The Ingraham Angle" last night, Eric Trump defended his father against the Russian "hoax" claiming that as a member of the campaign, he could say from personal experience that the election victory had nothing to do with Russians.

"You know why my father won?  Because he went to Ohio, and he went to Michigan, he went to Wisconsin.  And he worked a lot harder and he had a better message and he sold that to the American people and they ultimately wanted a businessman in Washington, D.C., not a career politician.  That’s why my father won."

Oprah Winfrey, who appeared on "The Ellen DeGeneres Show" Thursday, responded to Trump, who called her “very insecure” over a recent “60 Minutes” segment on the polarizing political landscape. She said that after she saw the President’s tweet, she “went back and looked at the tape to see if there was any place that that could be true." Winfrey said prior to airing, she told her producer to make it more balanced.

Comedian Michelle Wolf, best known for her work as a contributor on Comedy Central's "The Daily Show With Trevor Noah," has been named the featured entertainer at the White House Correspondents' Association's annual dinner on April 28. Wolf follows Comedy Central's Hasan Minhaj, who roasted President Trump and members of the media at least year's bash.

What we don't know: It's still unclear whether the president himself will attend the event after notoriously skipping last year's dinner. But he does plan to attend the Gridiron Club's annual dinner on March 3, which he also snubbed in 2017, so his presence remains a possibility.

The pharmaceutical industry is using a large portion of its windfall from Republicans' corporate tax cuts to boost its stock prices. Nine drug companies are spending a combined $50 billion on new share buyback programs, a sum that towers over investments in employees or drug research and development.

The bottom line: All of those buybacks were announced during or after the passage of the Republican tax bill. That money is enriching hedge funds, other Wall Street investors and top drug company executives, but it isn't necessarily helping patients.