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Photo by Robert Alexander/Getty Images

Dog-walking startup Wag has raised $300 million from SoftBank Vision Fund, confirming the talks Axios first reported in December. It also said that former LifeLock CEO Hillary Schneider is taking over as CEO from Wag co-founder Josh Viner.

Why it matters: This is another deep-pocketed deal from SoftBank, which now owns 45% of Wag, according to Recode, but is a bit unusual in that none of the money was used to buy shares from early employees or investors.

Go deeper

34 mins ago - World

WHO revises air quality guidelines to reduce deaths from pollution

Smoke from California wildfires over the Golden Gate Bridge in San Francisco in August 2021. Photo: David Paul Morris/Bloomberg via Getty Images

The World Health Organization on Wednesday updated air quality guidelines it set roughly 15 years ago, saying that negative health effects from air pollutants can begin at lower levels than it previously thought.

Why it matters: The changes are meant to reduce deaths from pollutants that cause cardiovascular and respiratory diseases and prematurely kill an estimated 7 million people around the world annually, according to the WHO.

Ben Geman, author of Generate
2 hours ago - Energy & Environment

The road to COP26 gets slightly easier

Illustration: Annelise Capossela/Axios

The bad diplomatic vibes heading into the critical United Nations climate summit in Glasgow, Scotland, might be improving slightly.

Catch up fast: Chinese President Xi Jinping yesterday pledged to end overseas finance for building new coal-fired power plants and boost support for clean energy in developing nations.

Corporations turn focus to retaining frontline workers

Illustration: Shoshana Gordon/Axios

Companies are narrowing the blue- and white-collar experience as they're forced to adapt to a worker-led market.

Driving the news: Basic office tools and concepts like corporate communications and schedule flexibility are migrating to frontline operations through investments in technology.