Feb 6, 2020 - Economy & Business

Uber's 2019 Q4 was slightly better than analyst expectations

Kia Kokalitcheva

Photo: DENIS CHARLET/AFP via Getty Images

Uber posted its fourth quarter results on Thursday, slightly exceeding analyst expectations, giving its stock a small price bump after market close.

Why it matters: Uber has not only been under growing pressure to show it can turn a profit sooner than later, but the company is facing new regulations in California that threaten its classification of drivers as contractors, instead of employees.

By the numbers:

Revenue: $4.07 billion, compared to $4.06 billion expected by analysts.
Loss per share: $0.64 per share (excluding certain expenses), compared to $0.68 expected by analysts.
Gross bookings: $18.1 billion for Q4, up 28% from a year ago.
Monthly active platform consumers: 111 million, up 22% from a year ago.
Trips: 1.907 billion, up 28% from a year ago.

Go deeper: Uber rolls out changes to California ride-hailing in wake of new law

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Updated 54 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934 — Map.
U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306 — Map.
Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine project — McConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
2020: Biden calls for 3-month national mask mandate — Biden and Harris to receive coronavirus briefings 4 times a week.
States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
Business: Why the CARES Act makes 2020 the best year for companies to lose money.
Public health: Fauci's guidance on pre-vaccine coronavirus treatments — Cases are falling, but don't get too comfortable.

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1 hour ago - Politics & Policy

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

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Eileen Drage O'Reilly

4 hours ago - Health

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.

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