The Abu Dhabi skyline. Photo: David Davies/PA Images via Getty Images
Mubadala, an Abu Dhabi-based sovereign wealth fund, and SoftBank are announcing a new $400 million growth stage fund focused on European tech companies. Mubadala is also expanding its fund-of-funds program to include European funds.
Why it matters: Mubadala is expanding its venture capital business after setting up shop in San Francisco last October, when it unveiled its first fund in partnership with SoftBank.
Illustration: Sarah Grillo/Axios
President Trump. Photo: Jim Watsonn/AFP via Getty Images
President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.
What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.
Illustration: Aïda Amer/Axios
President Trump's rhetoric on China has tended to run hotter than his actions — until now.
Why it matters: Even at the height of Trump's trade war, his administration never hit China as hard, as fast, and on as many fronts as it is right now.