Nov 12, 2018

SoftBank gets green light for telecom IPO

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

Regulators have approved SoftBank's planned IPO for its domestic telecom unit. The IPO will tentatively be worth 2.4 trillion yen ($21.04 billion), according to Reuters, with SoftBank Group retaining a 66.5% stake. The IPO is set for Dec. 19 with pricing to be determined on Dec. 10.

Why it matters: The move is seen as SoftBank CEO Masayoshi Son's attempt to focus the company on its newer tech investment ambitions — namely its $100-billion fund.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 5,595,091 — Total deaths: 350,752 — Total recoveries — 2,300,985Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 1,681,418 — Total deaths: 98,929 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Federal response: DOJ investigates meatpacking industry over soaring beef pricesMike Pence's press secretary returns to work.
  4. Congress: House Republicans to sue Nancy Pelosi in effort to block proxy voting.
  5. Tech: Twitter fact-checks Trump's tweets about mail-in voting for first timeGoogle to open offices July 6 for 10% of workers.
  6. Public health: Coronavirus antibodies could give "short-term immunity," CDC says, but more data is neededCDC releases guidance on when you can be around others after contracting the virus.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 19 mins ago - Politics & Policy

When going back to work isn't safe

Illustration: Sarah Grillo/Axios

As states open up, businesses are starting to call their employees back to work, but many don’t feel safe going back.

Why it matters: This is poised to be the next big challenge in the American economy: workers may be forced to chose between their health and their livelihood.

Minneapolis unrest as hundreds protest death of George Floyd

Tear gas is fired as police clash with protesters demonstrating against the death of George Floyd outside the 3rd Precinct Police Precinct in Minneapolis, Minnesota, on Tuesday. Photo: Stephen Maturen/Getty Images

Minneapolis police used tear gas during clashes with protesters demonstrating Tuesday night over the death of George Floyd, an African American who died in police custody, according to multiple news reports and images shared to social media.

Driving the news: The FBI is investigating Floyd's death after video emerged of a Minneapolis police officer kneeling on his neck for several minutes, ignoring protests that he couldn't breathe. Hundreds of protesters attended the demonstration at the intersection where Floyd died, per the Guardian.