SoftBank CEO Masayoshi Son. Photo: Tomohiro Ohsumi/Getty Images

SoftBank CEO Masayoshi Son will not speak at the Future Investment Initiative event in Riyadh, which kicked off earlier today, according to The Wall Street Journal.

Why it matters: Nearly half of SoftBank's $100 billion Vision Fund comes from Saudi Arabia's Public Investment Fund, and expectations are the same would be true for a second Vision Fund.

  • Masa's decision comes after more than a week of SoftBank "monitoring" the situation, while most other big business leaders pulled out much earlier over the murder of Jamal Khashoggi.
  • SoftBank COO Marcelo Claure and the CEO of British chipmaker Arm, owned by SoftBank, also both bailed yesterday.

But, but, but: Still no official statement nor confirmation from SoftBank, and that same WSJ story cites an event spokesman as saying that Masa "may still attend the Future Investment Initiative on the sidelines." Plus, Vision Fund's Saleh Romeih did speak on stage today as part of a panel discussion.

The bottom line: Masa and SoftBank have developed a reputation for being bold. In this case, they've been timid.

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Scoop: Trump, Pence criticize U.S. Chamber CEO Friday call

Pence and Trump in the Oval Office Sept. 4. Photo: Anna Moneymaker-Pool/Getty Images

President Trump and Vice President Mike Pence criticized the CEO of the U.S. Chamber of Commerce during a phone call Friday morning, venting their frustrations over its recent endorsement of nearly two dozen vulnerable House Democratic freshmen, two sources familiar with the call tell Axios.

Why it matters: Trump’s re-election is based largely on the idea that he has been a good steward of the economy, and if one of the largest business groups is seen as opposing him, it could undermine that case.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 30,297,368 — Total deaths: 948,058— Total recoveries: 20,626,074Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 6,696,621 — Total deaths: 198,114 — Total recoveries: 2,540,334 — Total tests: 91,546,598Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.
4 hours ago - Economy & Business

Anxious days for airline workers as mass layoffs loom

Sara Nelson, president of the Association of Flight Attendants, during a Sept. 9 protest outside the Capitol. Photo: Alex Wong/Getty Images

The clock is ticking for tens of thousands of anxious airline employees, who face mass reductions when the government's current payroll support program expires on Sept. 30.

Where it stands: Airline CEOs met Thursday with White House Chief of Staff Mark Meadows, who said President Trump would support an additional $25 billion from Congress to extend the current aid package through next March.