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.
Photo: Robert Nickelsberg/Getty Images
The Supreme Court said Thursday that it will not block Rhode Island's move to ease its requirements for absentee voting during November's election.
Why it matters: The decision is a loss for Republicans, who had requested an emergency order as the state is expected to begin mailing out its ballots.
Illustration: Lazaro Gamio/Axios
Uber and Lyft are ratcheting up the fight with California’s state government over the classification of drivers with a move that would deprive Californians of their ride-hailing services (and halt driver income).
Driving the news: On Wednesday, both companies said that if a court doesn’t overturn or further pause a new ruling forcing them to reclassify California drivers as employees, they’ll suspend their services in the state until November’s election, when voters could potentially exempt them by passing a ballot measure.
Israel Prime Minister Netanyahu, Trump and UAE Crown Prince Mohammed bin Zayed. Photo: Artur Widak/NurPhoto; Samuel Corum; Odd Andersen/AFP via Getty Images
President Trump announced a "historic" deal Thursday which will see Israel and the UAE open full diplomatic relations and Israel suspend its annexation plans in the West Bank.
Why it matters: This is a major breakthrough for Israel, which lacks diplomatic recognition in many Middle Eastern countries but has been steadily improving relations in the Gulf, largely due to mutual antipathy toward Iran.