General Motors president Dan Ammann. Photo: Julien de Rosa/IP3/Getty Images

General Motors president Dan Ammann is leaving Lyft's board of directors.

Why it matters: This is the latest sign that the two companies' relationship has deteriorated since GM invested $500 million into Lyft in January 2016.

  • Ammann will be replaced on Lyft's board by by former Frontier Communications CEO Maggie Wilderotter, who was selected by GM but who will serve as an independent director.
  • Wilderotter also serves on the boards of Costco Wholesale Corporation, HP Enterprise, Cadence Design Systems, and DocuSign.

The announcement comes just days after GM announced that SoftBank — an investor in Lyft rival Uber — is investing up to $2.25 billion into GM's self-driving car unit, Cruise. During a conference call, Ammann said that SoftBank's relationships give GM "enhanced flexibility," which we suggested "might send a chill through Lyft."

A source close to the situation says that "the paperwork was done" on Ammann leaving the GM board at the time of the SoftBank announcement.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.