Aug 27, 2018

Toyota invests $500 million in Uber

Uber logo on a car. Photo: Smith Collection/Gado/Getty Images

Toyota is investing $500 million in Uber as part of a deal to jointly develop self-driving car technology, as the Wall Street Journal first reported and Uber later confirmed. Toyota first invested in the ride-hailing company in 2016.

Why it matters: Uber has had a bumpy ride with its self-driving car efforts. It spent a year in court fighting claims by Google's Waymo that a company Uber acquired stole its trade secrets. Earlier this year, the company also suspended its autonomous vehicle testing after a car struck and killed a pedestrian in Arizona.

More: As part of the deal, the companies will outfit a number of customized Toyota Sienna minivans with their self-driving car tech. These cars will be operated by a third-party, though they'll be accessible via Uber's ride-hailing network.

The story has been updated with Uber's confirmation of the deal and additional details.

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Coronavirus spreads to more countries, and South Korea ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. South Korea's confirmed cases jumped from 204 on Friday to 433 on Saturday.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 34 mins ago - Health

Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."

Situational awareness

Warren Buffett. Photo: Daniel Zuchnik/WireImage

Catch up on today's biggest news:

  1. Warren Buffett releases annual letter, reassures investors about future of Berkshire Hathaway
  2. Greyhound bars immigration sweeps
  3. U.S. military officially stops offensive operations in Afghanistan
  4. America's future looks a lot like Nevada
  5. Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins