⛳ Happy Saturday from Lexington, Va. Tomorrow is Mom's Day.
Situational awareness: "President Trump has effectively taken charge of the ... Fourth of July celebration in Washington, moving the gargantuan fireworks display from its usual spot on the Mall to be closer to the Potomac River and making tentative plans to address the nation from the steps of the Lincoln Memorial." (WashPost)
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Illustration: Sarah Grillo/Axios
Uber's IPO stalled out yesterday, stunning both Silicon Valley and Wall Street, Axios' Dan Primack reports.
Why it matters: Other money-losing unicorns will now watch to see if Uber can navigate into calmer waters, or if they need to begin scrambling for life vests.
Uber got hit by a confluence of negative events, some of which were outside of its control:
The big picture: Uber loses more money than any other company to ever go public.
The scene: Uber founder and ex-CEO Travis Kalanick wanted to help ring the bell, but was banished by current CEO Dara Khosrowshahi, Axios first reported.
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Rudy Giuliani has canceled a trip to Kiev in which he planned to push the incoming Ukrainian government to press ahead with investigations that he hoped would benefit President Trump, the N.Y. Times' Ken Vogel reports:
House Intelligence Chairman Adam Schiff told me yesterday at an Axios News Shapers event when I asked him about Rudy's plan:
Quote of the week ... Rudy to Ken Vogel on Thursday: "We’re not meddling in an election. We’re meddling in an investigation, which we have a right to do."
Illustration: Aïda Amer/Axios
With a pair of improbable billion-dollar acquisitions, huge conglomerates have snapped up both of the cheap shaving startups that shook up the men's grooming business, Axios' Erica Pandey reports.
Why it matters: Giants like Amazon, Unilever and Walmart are swiftly buying out plucky companies that start to threaten them.
An Apple Store — the company's most extensive historic restoration project yet — opens today in the 116-year-old Carnegie Library on Mount Vernon Square in Washington.
Apple CEO Tim Cook told the WashPost: "Probably one of the least done things in an Apple Store is to buy something ... We should probably come up with a name other than 'store' ... because it’s more of a place for the community to use."
When Politico asked the president about Pete Buttigieg, Trump responded:
Buttigieg replied: "So I'll be honest, I had to Google that. I guess it's a generational thing — I didn't get the reference."
Billionaire Richard Branson is bringing his space-tourism dream closer to reality by moving Virgin Galactic's winged passenger rocket and 100+ employees to a remote commercial launch and landing facility in New Mexico, per AP.
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