Axios / Lazaro Gamio

General Electric chairman Jeff Immelt has pulled himself out of the running to be CEO of Uber, which has been without a leader since Travis Kalanick was forced to resign in late June.

I have decided not to pursue a leadership position at Uber. I have immense respect for the company & founders - Travis, Garrett and Ryan. — Jeff Immelt (@JeffImmelt) August 27, 2017

Context: The timing of Immelt's tweet is curious, given that he met in person with members of Uber's board yesterday, in what was viewed as a final interview before an expected vote today. Either Immelt didn't like what he heard from the directors, or he felt he wouldn't get the nod and decided to preemptively save face.

Multiple sources say that Kalanick favored Immelt, which didn't necessarily work in his favor with Benchmark — the venture capital firm that is Uber's largest outside shareholder and which recently sued Kalanick for fraud (in short: Benchmark is worried Immelt would be a short-termer who would then turn the company back over to Kalanick).

What next? Uber is said to have another finalist whose name has been kept under wraps, although the smart money might be on it returning to Meg Whitman — the current HP and former eBay CEO who had been in talks for the job before her name was leaked last month. Whitman also withdrew from the process via tweet, but Benchmark is trying hard to change her mind (and, per sources, has lined up enough board support for Whitman is it's able to persuade her). Uber had originally told employees that it wanted a new CEO in the chair by Labor Day, so time is running short if it even wants to approximate that goal.

Go deeper

Updated 6 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10:30 p.m. ET: 33,516,946 — Total deaths: 1,005,394 — Total recoveries: 23,273,369Map.
  2. U.S.: Total confirmed cases as of 10:30 p.m ET: 7,188,543 — Total deaths: 205,966 — Total recoveries: 2,809,674 — Total tests: 103,155,189Map.
  3. Health: Americans won't take Trump's word on the vaccine, Axios-Ipsos poll finds.
  4. Politics: 7 former FDA commissioners say Trump is undermining agency's credibility
  5. States: NYC's coronavirus positivity rate spikes to highest since June.
  6. Sports: Tennessee Titans close facility amid NFL's first coronavirus outbreak.
  7. World: U.K. beats previous record for new coronavirus cases.
  8. Work: United States of burnout — Asian American unemployment spikes amid pandemic

Trump and Biden clash over COVID: "It is what it is because you are who you are"

Joe Biden attacked President Trump at the presidential debate on Tuesday for his response to the coronavirus pandemic, accusing him of panicking and failing to prepare for the crisis when he was warned about it in February.

The big picture: "It is what it is because you are who you are," Biden said, alluding to an answer Trump gave in an interview with "Axios on HBO" when asked about the 150,000+ death toll from the coronavirus. Trump responded by claiming that Biden would not have shut down travel from China in the early days of the pandemic, and he defended his administration's mass production of ventilators and protective equipment.

Debate dashboard: Catch up fast

Photo: Win McNamee/Getty Images