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Lyft, Uber's pink-colored rival in the U.S., has laid off 17 sales employees, the company told Bloomberg.

The reason: According to chief business officer Baga, Lyft is adjusting its corporate sales strategy away from pitching banks, consulting firms, and other companies to use its service. Instead, it will focus on government and health care organizations, he told Bloomberg. For example, Lyft recently announced a partnership with the National MedTrans Network in New York City to provide rides for medical appointments.

Lyft's tough challenge: Uber has a growing share of business travel. Just this week, expense software management company Certify released a report that found that Uber now makes up 52% of all ground transportation business expenses in the U.S. What's more, it was the vendor with the most transactions overall, making up 6% of all transactions. Lyft, on the other hand, only has 4% of ground transportation expenses.

Go deeper

Caitlin Owens, author of Vitals
3 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.