TuSimple, a Tucson, Ariz.-based self-driving truck startup, raised $95 million in Series D funding at a pre-money valuation of $1 billion led by China's Sina Corp.

Why it matters: Because the widespread adoption of autonomous trucks could move significantly faster than that of autonomous cars (even ride-hail), due to the high costs and human safety requirements (read: sleep) of long-haul trucking.

No, this is not the same as Rivian, which Amazon and GM reportedly may invest in. That's self-driving pickup trucks. It's closer to Ike, which last week raised $52 million.

  • The bottom line: "Today, TuSimple is taking three to five fully autonomous trips per day for customers on three different routes in Arizona.... Now, it’s ready to ramp up further ... [with] plans to expand its daily 'fully-autonomous' commercial deliveries to Texas. The company also plans to use this influx of capital to fund what it describes as 'critical joint production programs' with OEM, Tier 1 suppliers and sensors partners." — Kirsten Korosec, TechCrunch

Go deeper: How AVs could the solve truck driver shortage

Go deeper

Trump's outdoor New Hampshire rally postponed due to weather

Photo: Win McNamee/Getty Images

President Trump's outdoor campaign rally in Portsmouth, N.H., slated to take place on Saturday, was postponed on Friday due to weather, a senior White House official confirmed to Axios.

The state of play: Press Secretary Kayleigh McEnany told reporters on Air Force One that storms were in the forecast and that the event would take place in "a week or two" instead. The outdoor rally — which had encouraged the use of face masks — was scheduled after sparse attendance at Trump's indoor comeback to the campaign trail in Tulsa.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 12,294,117 — Total deaths: 555,531 — Total recoveries — 6,761,933Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 3,118,168 — Total deaths: 133,291 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: The U.S.' new default strategy: herd immunity.
  4. Business: The pandemic is driving a second jobs apocalypse.
  5. ✈️ Travel: Airlines say air quality, cleanliness lower risk.
  6. Sports: Sen. Richard Blumenthal calls on colleges to cancel fall sports.

Biden's big economic plan plays it down the middle for Democrats

Illustration: Aïda Amer/Axios

Joe Biden yesterday laid out the broad strokes of his economic policy platform, which seemingly is designed to not freak out centrists and not piss off progressives.

Why it matters: Biden has a better-than-even shot of becoming the next president, which means his tax plans could become everyone's tax bills.