Mar 3, 2017 - Economy & Business

NBCUniversal invested $500 million in Snap's IPO

Lex McKee / Flickr cc

Comcast's NBCUniversal invested $500 million in Snap's IPO yesterday as part of a "strategic investment partnership," reports CNBC. Snap doesn't appear to have allocated shares of the company to any other strategic partner, which would make NBCU the only U.S. media company with a stake.

NBCUniversal has also allegedly been reaching out to Snap CEO Evan Spiegel for the past year, and has agreed to hold its current shares for at least a year.

Why this matters: NBCU's investment signals an important vote of confidence in Snap's $28 billion IPO, a pricy valuation which many companies have questioned if it will last. It also indicates that NBCU is forging ahead with its investments into a series of digital media assets — including $400 million in Buzzfeed and $200 million in Vox. As CNBC points out, NBC has spent about $1.5 billion on digital assets in the past year and a half.

Note: NBC is an investor in Axios and Andy Lack is a member of the Axios board.

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Margaret Talev
1 hour ago - Politics & Policy

SurveyMonkey poll: Trump's Ohio bet

Data: SurveyMonkey survey of 3,092 Ohio voters, Sept. 1-25, 2020; Note: COVID-19 was a write-in option; Chart: Axios Visuals

President Trump leads Joe Biden 51%-47% among likely Ohio voters overall — but he holds a whopping 74%-24% lead with those who say a flagging economy and job concerns are their top issue, according to new SurveyMonkey-Tableau data for Axios.

Why it matters: Ohioans are more worried about their jobs than the coronavirus — and that's President Trump's best chance to cling to a narrow lead in this state he won handily in 2016.

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Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 33,224,222 — Total deaths: 999,298 — Total recoveries: 22,975,298 — Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 7,134,874 — Total deaths: 204,905 — Total recoveries: 2,766,280 — Total tests: 101,308,599 — Map.
  3. States: Cuomo extends New York moratorium on evictions until 2021.
  4. Business: Companies are still holding back earnings guidance.
  5. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  6. World: India the second country after U.S. to hit 6 million cases.
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Marisa Fernandez
2 hours ago - Health

Trump announces plan to distribute 150 million rapid coronavirus tests

President Trump announced on Monday that the federal government will distribute 150 million rapid, point-of-care coronavirus tests to states over the next few weeks, including to K-12 schools and vulnerable communities like nursing homes and assisted living facilities.

Why it matters: The Trump administration has stressed the importance of reopening schools in allowing parents to return to work and jumpstarting the economy.

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