Oct 10, 2018

Report: SoftBank in talks for majority stake in WeWork

WeWork in NYC's Financial District. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

SoftBank is in talks to invest between $15 billion and $20 billion for a majority stake in office co-working company WeWork, according to the Wall Street Journal.

Why it matters: WeWork, which already raised $4.4 billion from SoftBank and its $93 billion fund last year, would be one of the firm's biggest investments. The move also raises questions as to why WeWork would want to cede so much control to one investor.

WeWork declined to comment.

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Jonathan Swan, Mike Allen
Updated 41 mins ago - Politics & Policy

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.

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Axios
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AOC: "Extremely important" that Biden offer Bernie Sanders a Cabinet position

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The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.

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Axios
2 hours ago - Health

Mark Meadows: "We are not going to control the pandemic"

White House Chief of Staff Mark Meadows defended Vice President Pence's decision to continue traveling and campaigning despite his exposure to aides who have tested positive for COVID-19, saying Sunday that Pence is exempt from CDC guidelines because he is "essential personnel."

Why it matters: CDC guidelines call for people who have been exposed to the virus to quarantine for 14 days. Meadows said on CNN's "State of the Union" that Pence will wear a mask when he travels and argued that "he's not just campaigning," pointing to the Israel-Sudan normalization agreement announced by the White House last week.

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