Jagged Peak Energy fell short of its IPO goal, a source told Reuters. It priced 31.6 million shares at $15 instead of the target range of $16 to $18.
Why this matters: Those hopeful that energy IPOs would thrive this year after OPEC cuts and Trump reregulation promises will pay close attention to this miss.
Illustration: Aïda Amer/Axios
Illustration: Sarah Grillo/Axios
Facebook’s rules for what people can say on the world’s largest social network have been a long-term headache for the company, but now it faces similar troubles on the internal network its own staff uses.
Driving the news: As political arguments on Facebook’s employee discussion boards have grown more heated and divisive, the company ordered new restrictions on the forums earlier this month, which run on Facebook’s Workplace platform.
Illustration: Sarah Grillo/Axios
Amy Coney Barrett's likely ascension to the Supreme Court would affect climate policy beyond shoving the court rightward in the abstract.
Why it matters: If Joe Biden wins the presidential election, his regulations and potential new climate laws would face litigation that could reach the high court.