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Slack ends first day of trading where it started

Expand chart
Data: Factset; Chart: Axios Visuals

Slack closed its first day of trading on the public market at $38.62 a share, 0.3% up from its opening price of $38.50.

The bottom line: It didn't close notably higher than its opening price, but a steady first day is a good result for Slack's unorthodox choice of a direct listing.

Go deeper

Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Vaccines: Biden says 300M COVID-19 shots administered in U.S. — The states that have vaccinated at least 70% of adults.
  2. Economy: Investors still view COVID as a market risk for the second half of 2021
  3. Politics: California to pay off unpaid rent accrued during COVID-19 pandemic.
  4. World: U.S. announces destinations for 55 million more COVID vaccine doses — Uganda Olympic team member tests positive for COVID in Tokyo — In photos: Brazilians rally against Bolsonaro as COVID deaths top 500,000 —India's "black fungus" infections exacerbated by crowded hospitals, lack of oxygen.
  5. Poll: Americans are restarting pre-coronavirus daily activities.
  6. Variant tracker: Where different strains are spreading.
Go deeper (1 min. read)Arrow
Ivana Saric
2 hours ago - Politics & Policy

California to pay off unpaid rent accrued during COVID-19 pandemic

California Gov. Gavin Newsom. Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

California will pay off the accumulated unpaid rent that has piled up during the COVID-19 pandemic, the AP reports.

Why it matters: The move would fulfill a promise to landlords to help them to break even, while giving renters relief, the AP writes.

Go deeper (1 min. read)Arrow
Marisa Fernandez
4 hours ago - Health

U.S. announces destinations for 55 million more COVID vaccine doses

President Biden at a press conference on the final day of the G7 summit. Photo: Brendan Smialowski/AFP via Getty Images

The Biden administration on Monday announced a list of countries that will receive the remaining 55 million COVID-19 vaccine doses that the U.S. has pledged to allocate by the end of this month.

The state of play: The White House had previously named the recipients of the first 25 million of the 80 million doses that the U.S. has pledged to export, as it took its first step toward becoming a global vaccine supplier.

Go deeper (1 min. read)Arrow