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Illustration: Rebecca Zisser/Axios

Twilio (NYSE: TWLO) and Asana (NYSE: ASAN) each agreed to dual-list their shares on the Long-Term Stock Exchange, becoming the first companies to do so.

Why it matters: LTSE eschews short-term gains in favor of longer-term values like ESG and transparency, and these initial listings could give other companies the confidence to sign on.

Backstory: LTSE founder and "The Lean Startup" author Eric Ries has known Twilio CEO Jeff Lawson and Asana CEO Dustin Moskovitz since their companies were being formed, and LTSE began officially working with their teams in Q4 of last year.

Context: Twilio is a cloud communications platform with a $67 billion market cap, while Asana is a project management platform with a market cap just shy of $10 billion.

The bottom line: "Both companies are very stakeholder-oriented, in their own ways. Their missions are expansive and the people who work there think in a non-ironic way that they're making the world a better place." — Eric Ries to Axios

Go deeper

Nathan Bomey, author of Closer
1 min ago - Economy & Business

Biden’s face mask campaign requires more imports from China

Illustration: Annelise Capossela/Axios

American mask manufacturers are getting whiplash, having gone from sleepy sector to mission-critical industry overnight — only to see sales collapse before now being suddenly in demand again.

Why it matters: As the highly contagious Omicron variant of COVID-19 rages, health experts now say Americans need legitimate N95 or KN95 masks to best protect themselves — not widely available fakes or less effective cloth masks.

17 mins ago - World

Scoop: Ukraine tells senators post-invasion sanctions are no help

Zelensky. Photo: Johanna Geron/POOL/AFP via Getty Images

Ukrainian President Volodymyr Zelensky told U.S. senators visiting Kyiv this week that waiting to impose sanctions on Russia until after an invasion is of no use to Ukraine, according to four sources familiar with the discussions.

Why it matters: The Senate is currently working on a major sanctions package to deter Russia from attacking Ukraine. Democrats and Republicans are united in their support for Ukraine, but divided over whether it would be more effective to sanction Russia now to signal resolve, or hold up the threat of future sanctions to demonstrate the high costs of an invasion.

Starbucks drops worker vaccine or test requirement after SCOTUS ruling

Photo: Jakub Porzycki/NurPhoto via Getty Images

Starbucks has dropped plans to require that U.S. workers get the COVID vaccine or submit to weekly testing, the company announced Tuesday in a memo to employees.

Why it matters: The company's decision comes in response to the Supreme Court's ruling last week to block the Biden administration's COVID-19 vaccine-or-test requirement for large employers.