Seth Wenig / AP

Though more companies are choosing to IPO, tech's biggest startups are holding off on going public as they fear that their sky-high valuations from private funding rounds might dip on the open market, per the Wall Street Journal.

  • "A slew of companies are preparing to go public later this year."
  • "Conspicuously missing ... are some of the highest-profile private companies, such as Uber Technologies Inc. and Airbnb Inc., which aren't expected to come to market before 2018."
  • Be smart: "[S]ome investors and underwriters say there's concern that the public markets are being used as a last resort..."
  • Why it matters: "It's symptomatic of a decades-long trend that's seen the total number of public companies in the U.S. decline sharply as more entrepreneurs and others choose to avoid the increased disclosure and other perceived drawbacks of broad ownership."

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29 mins ago - Health

Fauci says U.S. may not return to normal until 2022

Director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, testifies during a September Senate hearing on COVID-19 in Washington, D.C. Photo: Graeme Jennings/Pool/AFP via Getty Images

NIAID director Anthony Fauci told the Journal of the American Medical Association on Wednesday he doesn't expect a COVID-19 vaccine to be ready until January 2021 or later.

What he's saying: Fauci said during the interview that the U.S. was in a "bad position" after failing to keep case numbers down post-summer. "We should have been way down in baseline and daily cases and we’re not," he said.

Hurricane Zeta makes landfall on Louisiana coast as Category 2 storm

A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Hurricane Zeta is "battering southeastern Louisiana and southern Mississippi with life-threatening storm surge, high winds, and heavy rain," per the National Hurricane Center.

What's happening: The hurricane was producing maximum sustained winds of nearly 110 mph and stronger gusts after making landfall on the southeastern coast of Louisiana as a Category 2 storm earlier Wednesday. By nightfall, Zeta had sustained winds of 80 mph with a wind gust of 104 mph.