The General Motors-Lyft self-driving car partnership could finally be seeing the light of day in 2018, according to a report from Reuters citing anonymous sources. The companies will roll out the fleets in several states.

In January 2016, GM announced a $500M investment in Lyft as well as a partnership to work together on self-driving cars. Shortly after, GM acquired self-driving car startup Cruise for close to $1 billion, which is also planning its own test program with Lyft later this year.

"It is our goal to operate a pilot in a major city this year that will permit consumers to enjoy, for the first time, a Lyft in an autonomous vehicle," government relations VP Joseph Okpaku told the Committee on Energy and Commerce on Friday, adding that the company has been working on self-driving cars on its own and with "trusted partners, such as General Motors." A GM spokesperson declined to comment.

The competition: GM is in a race against an increasing number of companies developing self-driving technology, including automakers like Ford and Tesla, as well as tech companies like Uber and Waymo, which recently spun out of Google.

The data: It's still difficult to tell how well companies are progressing on the development of their respective technologies, even based on data they report to the DMV, as The Information recently noted. While the data shows that Cruise's cars are among the top performers, the companies self-report the data and could be omitting certain results.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.