Photo: Chesnot/Getty Images
Intel is paying $900 million to buy Moovit, a data-rich app that helps people navigate cities using multiple modes of transportation from bikes and scooters to public transit and taxis.
Why it matters: The acquisition will help Mobileye, Intel's automated driving subsidiary, expand the breadth of its planned mobility services to include everything from self-driving vehicles and automated fleets to on-demand robo-taxi services.
Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images
Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.
The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.
Illustration: Sarah Grillo/Axios
Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images
German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.
Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.