Axios

Zoom's stock price is up nearly 10% in after-hours trading after the vide0-chat company posted Q2 results well above analyst expectations and raised its full-year guidance.

Why it matters: Zoom is unquestionably one of the biggest winners of the ongoing pandemic as restrictions on in-person interactions have forced many around the world to shift nearly all personal and professional activities online.

Jennifer Jarrett is leaving Uber, which she joined in early 2019 as head of corporate development and capital markets.

Why it matters: Jarrett ran point on Uber's unsuccessful efforts to buy GrubHub and its subsequent deal for Postmates.

A group of veteran Voice of America journalists penned a letter to VOA acting director Elez Biberaj saying that Michael Pack, the new CEO of VOA's parent agency, the U.S. Agency for Global Media (USAGM), is endangering the livelihoods of contract journalists.

Why it matters: Pack has been the center of controversy ever since he took over the agency in June. The letter alleges that Pack's recent remarks in an interview with the conservative-leaning website The Federalist prove his malicious intent.

Clayton, Dubilier & Rice has agreed to buy Texas-based business management software company Epicor Software from KKR for $4.7 billion (including debt).

Why it matters: It's the largest enterprise software deal so far in 2020. It's also a big win for KKR, which tried but failed to sell Epicor last year.

Earlier this month, Ben Meng, chief investment officer of the California Public Employees' Pension System (CalPERS) resigned from the fund after filing incomplete disclosures and failing to comply with conflict-of-interest rules.

What's new: At least one CalPERS board member, Margaret Brown, is publicly calling for a temporarily suspension of any new private equity investments until the conclusion of an investigation into Meng's disclosures. She tells Axios the expected time frame would be 30 to 90 days.

NIO, a Chinese electric car maker, has boosted its capital raising by nearly 20% as investors rush electric vehicle manufacturer stock sales, Bloomberg reports.

Catch up fast: The news arrives just a few days after another Chinese electric vehicle maker, Xpeng, saw a big jump in share price during Thursday's trading debut on the New York Stock Exchange.

Manufacturing in the Midwest, a telltale sign for the overall health of the industry, is recovering but not as fast as hoped and employment continues to lag, new data show.

What's happening: The August reading of the Chicago Business Barometer, or Chicago PMI, fell seven-tenths on the month to 51.2, but was the second consecutive reading above 50 after having been below that number for about a year.

Manufactured durable goods orders rose 11.2% in July, far outpacing economists' expectations, and jumping for the third straight month. July's unexpected increase followed a 7.7% gain for durable goods in June.

What happened: The boom was largely the result of vehicle purchases, as orders for new cars and trucks jumped 22% after a nearly 24% gain the previous month.

After sinking on Friday, the dollar is teetering near its lowest in more than two years, and threatening to decline even further after Fed chair Jerome Powell confirmed plans to let inflation run hot in the future, likely meaning 0% U.S. interest rates for quite some time.

Why it matters: For the U.S. currency to fall in value, other currencies must rise and that can be especially harmful to export-oriented economies like the eurozone and Japan, whose central banks may be forced to take action in the coming months.

United Airlines is dropping an unpopular $200 fee for most people who change a ticket for travel within the U.S., AP reports.

Why it matters: United's move will put pressure on American and Delta to drop their change fees, also $200 on domestic travel. "When we hear from customers about where we can improve, getting rid of this fee is often the top request," United CEO Scott Kirby said in a video.

Carta, an equity management "unicorn," has filed its response to a former executive's gender discrimination lawsuit, denying all her claims and disputing some allegations, including that the increase in her pay was due to a gender-based disparity.

Why it matters: Regardless of the legal outcome, the case won't do any PR favors for Carta, which is using the same lawyer that venture capital firm Kleiner Perkins used when it faced a gender discrimination lawsuit.