Garry Tan (l) and Alexis Ohanian (r). Photo by Russell Roe, courtesy of Initialized Capital.
Initialized Capital, the venture firm led by Reddit co-founder Alexis Ohanian and early Palantir engineer Garry Tan, has raised $225 million for its fourth fund.
Why it matters: This is a major fund size increase for Initialized, which means it should be able to fund more deals on its own, whereas before it was often forced to lead so-called "party rounds."
President Trump. Photo: Jim watson/Getty Images
President Trump, speaking from a podium at his golf club in Bedminster, N.J., on Friday announced that he is prepared to issue executive orders suspending payroll taxes and extending enhanced unemployment benefits through the end of 2020, and halting student loan interest and payments indefinitely.
Why it matters: The impending orders come after talks between the White House and Democratic leadership collapsed Friday afternoon. But Trump said he remains committed to striking a deal with Congress on a broader stimulus package before signing the orders.
Illustration: Sarah Grillo/Axios
President Trump. Photo: Jim Watsonn/AFP via Getty Images
President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.
What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.