Dara Khosrowshahi; Photo: Paul Sakuma / AP

During an all-hands meeting with Uber employees today, incoming CEO Dara Khosrowshahi said that Uber should go public in 18 to 36 months from now. In other words, not in 2018.

Why it matters: Uber had been widely considered an IPO candidate for late next year, particularly if it can quickly fill out its executive team. But it seems that the new boss has other plans, which also might suggest that a much-discussed secondary share sale with SoftBank or some other outside investor is more likely than not, as the IPO delay could push certain shareholders to support interim liquidity options.

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California orders sweeping rollback of open businesses as virus cases surge

Photo: Agustin Paullier/AFP via Getty Images

California Gov. Gavin Newsom on Monday ordered indoor operations for restaurants, wineries, movie theaters and other family entertainment like zoos, museums and card rooms to cease immediately. Bars must also close entirely.

Why it matters: It's the largest statewide rollback of a reopening plan yet, underscoring the severity of the coronavirus outbreak in California.

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U.S. rejects China's claims to territory in South China Sea

Photo: Artyom Ivanov\TASS via Getty Images

The State Department announced Monday that it rejects most of China's territorial claims in the South China Sea, a first from the U.S. as the Trump administration toughens its approach toward Beijing.

Why it matters, via Axios' Bethany Allen-Ebrahimian: This is a significant, if symbolic, step toward a tougher U.S. approach to China's attempted annexation of the open seas.

Los Angeles and San Diego public schools will be online only this fall

Alhambra Unified School District. Photo: Frederic J. Brown/AFP via Getty Images

Public schools in Los Angeles and San Diego, the two largest public school districts in California, will not be sending children back to campuses next month and will instead administer online classes due to concerns over the ongoing threat of the coronavirus.

Why it matters: The two districts, which together enroll about 825,000 students, are the largest in the country thus far to announce that they will not return to in-person learning in the fall, even as the Trump administration aggressively pushes for schools to do so.