Jul 2, 2018 - Economy & Business

MoviePass parent seeks to sell over $1.2 billion in equity, debt

Photo: Daniel Boczarski/Getty Images for MoviePass

Helios and Matheson Analytics, the parent company of movie theatre subscription service MoviePass, said Monday that it has filed a registration statement with the U.S. Securities and Exchange Commission to generate up to $1.2 billion in equity and debt securities over the next three years.

The backdrop: This comes less than two weeks after the New York-based data and analytics company launched a $164 million bond sale to provide capital funding for the subscription service to stay afloat.

Go deeper

Axios
10 mins ago - Politics & Policy

Trump refuses to answer question on whether he supports QAnon conspiracy theory

President Trump on Friday refused to answer a direct question on whether or not he supports the QAnon conspiracy theory during a press briefing.

Why it matters: Trump congratulated Georgia Republican Marjorie Taylor Greene, who vocally supports the conspiracy theory, on her victory in a House primary runoff earlier this week — illustrating how the once-fringe conspiracy theory has gained ground within his party.

Go deeper (<1 min. read)Arrow
Ursula Perano
30 mins ago - Politics & Policy

Postal workers' union endorses Biden

Photo: Drew Angerer/Getty Images

The National Association of Letter Carriers, the union representing roughly 300,000 current and former postal workers, on Friday endorsed Joe Biden in the 2020 presidential election, calling him "a fierce ally and defender of the U.S. Postal Service," reports NBC News.

Why it matters: The endorsement comes as President Trump has vowed to block additional funding for the USPS in the next coronavirus stimulus package, linking it to his continued baseless claims that increased mail-in voting will lead to widespread voter fraud.

Go deeper (<1 min. read)Arrow
Bethany Allen-Ebrahimian
2 hours ago - World

Lawmakers demand answers from World Bank on Xinjiang loan

Illustration: Sarah Grillo/Axios

U.S. lawmakers are demanding answers from the World Bank about its continued operation of a $50 million loan program in Xinjiang, following Axios reporting on the loans.

Why it matters: The Chinese government is currently waging a campaign of cultural and demographic genocide against ethnic minorities in Xinjiang, in northwest China. The lawmakers contend that the recipients of the loans may be complicit in that repression.

Go deeper (1 min. read)Arrow