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Scooter companies' new approach to regulation: Cooperate early

Illustration: Caresse Haaser / Axios

Electric scooter companies like Bird and Lime have adopted a new approach to dealing with regulation, electing to cooperate with cities in the early phases of development rather than wait for the relationship to inevitably become strained, reports the WSJ.

Why it matters: Per the Journal's Christopher Mims, "Scooter companies' appeasement of regulators embodies tech’s broader move toward accountability, following a period of public outrage over the industry’s overreach and mistakes."

Go deeper

Hans Nichols, Lachlan Markay
14 mins ago - Politics & Policy

Scoop: Former OMB director to set up Pro-Trump think tanks

OMB Director Russ Vought parfticipates in a photo-op for the printing of President Donald Trumps budget for Fiscal Year 2020 at the Government Publishing Office in Washington on Thursday, March 7, 2019. (Photo By Bill Clark/CQ Roll Call)

Russ Vought, who led Donald Trump's Office of Management and Budget, plans to announce two pro-Trump organizations Tuesday, aiming to provide the ideological ammunition to sustain Trump's political movement after his departure from the White House.

Why it matters: The Center for American Restoration and an advocacy arm, America Restoration Action, will try to keep cultural issues that animated Trump’s presidency on the public agenda, according to people familiar with the matter.

Go deeper (1 min. read)Arrow
Axios
2 hours ago - Politics & Policy

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Go deeper (1 min. read)Arrow
Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Go deeper (1 min. read)Arrow