Illustration: Lazaro Gamio / Axios

Today, profits from Uber's ride-hailing business in developed markets (N. America, Europe, Australia, New Zeland) can pay for the whole company's centralized business expenses like engineering, CEO Dara Khosrowshahi said at Goldman Sachs' tech conference in San Francisco.

Why it matters: Khosrowshahi's comments come a day after the company released its financials for 2017, which showed its business grew despite a year of turmoil. The company has also long faced questions about whether its business model is even viable.

Yes, but: The company is still raking in billions in losses. Khosrowshahi attributed them to Uber's continued spending to grow its business in developing markets around the world, such as Asia, and investing in areas like self-driving car technology.

  • "I’m pretty confident that they can turn the nobs on this to make it profitable... But we’d sacrifice growth and innovation," he added.
  • "That comes from a person who’s run a profitable business for years, so this makes me intensely uncomfortable,” he said of his tenure as CEO of Expedia.

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Opposition leader Leopoldo López flees Venezuela

Venezuelan opposition politician Leopoldo López outside the Spanish embassy in Caracas, in 2019. Photo: Juan Barreto/AFP via Getty Images

Leopoldo López, a former political prisoner and prominent Venezuelan opposition leader, has left the country, his Popular Will party confirmed in a statement Saturday.

Why it matters: He's been an influential force in the push to oust President Nicolás Maduro's regime and a mentor to opposition leader Juan Guaidó. He'd been in the Spanish ambassador's Caracas residence since escaping house arrest in April 2019 following a failed military uprising.

Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.