Oct 3, 2017

Reading the IPO tea leaves

Dan Primack, author of Pro Rata

The floor of the New York Stock Exchange (Richard Drew / AP)

When it comes to discovering which tech startups are beginning to consider IPOs, one major signal is when they hire new chief financial officers that have public market experience. It's not foolproof, but directionally decent. With that in mind, two new hires of note:

  • J.D. Fay is the new CFO at Matterport, a Silicon Valley-based 3D reality capture and distribution platform. He's helped take both NeoPhotonics and @Road public.
  • Pete Perrone is the new CFO at AtScale, a business intelligence platform that today announced $25 million in new VC funding. He is a former Goldman Sachs banker who also served as CFO Limelight Networks.

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Jacob Knutson
6 hours ago - Politics & Policy

Trump commutes Roger Stone's sentence

Roger Stone arriving at his sentencing hearing on Feb. 20. Photo: Drew Angerer/Getty Images

President Trump on Friday evening commuted the sentence of his longtime associate Roger Stone, according to two senior administration officials. Stone in February was sentenced to 40 months in prison for crimes including obstruction, witness tampering and making false statements to Congress.

Why it matters: The controversial move brings an abrupt end to the possibility of Stone spending time behind bars. He had been scheduled to report to prison on July 14.

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Orion Rummler
Updated 7 hours ago - Health

Which states have set single-day coronavirus records this week

Data: COVID Tracking Project and state health department data compiled by Axios; Map: Danielle Alberti and Naema Ahmed/Axios

13 states this week surpassed records set just last week for their highest number of coronavirus infections in a single day, according to the COVID Tracking Project and state health department data. 16 states in total reported new highs.

The big picture: The United States' alarming rise in coronavirus cases isn't just due to increased testing — particularly where the number of cases has grown fastest over the last month, Axios' Andrew Witherspoon and Caitlin Owens report.

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Axios
Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 12,389,660 — Total deaths: 557,279 — Total recoveries — 6,830,596 — Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m. ET: 3,169,611 — Total deaths: 133,885 — Total recoveries: 983,185 — Total tested: 38,856,341 — Map.
  3. Public health: The reality of the coronavirus bites.
  4. Trade: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.
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