Photo: Cruise
General Motors is reportedly considering several options for self-driving unit Cruise, including an IPO or pubic tracking stock, according to Bloomberg.
Why it matters: It's not surprising that GM would want to highlight Cruise's value to investors but, as Bloomberg notes, a complete spin-off would leave the parent company without a high-tech narrative of its own.
Illustration: Rebecca Zisser/Axios
Leaders of more than two dozen of the New York City area's largest employers — including JPMorgan Chase, Ernst & Young, IBM, McKinsey & Company and Accenture — aim to hire 100,000 low-income residents and people of color by 2030 and will help prep them for tech jobs.
Why it matters: As the city's economy has boomed, many New Yorkers have been left behind — particularly during the pandemic. The hiring initiative marks an unusual pact among firms, some of them competitors, to address systemic unemployment.
Illustration: Annelise Capossela/Axios
Rep. Alexandria Ocasio-Cortez during an April a press conference in Queens, New York City. Photo: Scott Heins/Getty Images)
Rep. Alexandria Ocasio-Cortez will speak at the Democratic convention next week ahead of Sen. Bernie Sanders' appearance on the Tuesday night, CNN first reported and Axios has confirmed
Why it matters: Her involvement is a strategic decision to energize young progressives without tying former Vice President Joe Biden too closely or directly with her agenda.