Traffic waits to enter the Lincoln Tunnel in November. Photo: Kena Betancur / VIEWpress / Corbis via Getty Images

New York City is considering implementing a per-ride fee on ride-sharing services like Uber in Manhattan as well as a congestion pricing plan in order to unclog its gridlocked streets, per the New York Times. The explosion of ride-sharing — there are around 68,000 cars in New York affiliated with ride-sharing services, compared to a capped 13,600 yellow cabs — has greatly contributed to the city's traffic problems.

Why it matters: Ride-sharing's conundrum in New York illustrates the growing pains of technology companies that fundamentally disrupt certain markets and the delayed attempts to regulate them. Other cities — like Chicago, Seattle, and Portland — have already implemented their own ride-sharing fees in order to modernize public transportation and encourage ride-sharing services to offer wheelchair-accessible vehicles.

Go deeper

4 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 13,048,249 — Total deaths: 571,685 — Total recoveries — 7,215,865Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.