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Uber CEO Dara Khosrowshahi. Photo: Paul Sakuma / AP

Dara Khosrowshahi today gave his first public interview since being named CEO of Uber, at the DealBook Conference in New York City. He said that the pending investment from SoftBank — which remains stymied by governance disagreements between former CEO Travis Kalanick and VC firm Benchmark — "hasn't happened yet but it will."

More highlights:

  • When search firm called: "I think this is a call I want to completely ignore." He then spoke about it to Spotify CEO Daniel Ek and, after telling Ek he was happy, was told: "Since when is life about being happy? It's about doing something."
  • Khosrowshahi's relationship with Travis Kalanick is "good, but comes with balance."
  • "When I got into this role I didn't want to take sides... Don't tell me about what happened, but about what we're going to do."
  • Khosrowshahi confirmed prior Axios reporting that he did not read an internal report from Eric Holder before accepting the position.
  • He says that Uber is targeting 2019 for an initial public offering. "We have all the disadvantages of being a public company, in terms of having a spotlight on us, but none of the advantages."
  • "The driver is the most important element on the entire consumer experience."
  • "The drivers don't want to become employees."
  • "I think we were generally immature" about dealing with regulators, such as in London.
  • On the multiples legal and financial ties between Uber, Google, Didi and Lyft: "It's like a giant orgy."
  • "In five years you're going to see some flying cars out there."
  • Go deeper: Inside Uber's financials

Go deeper

Updated 27 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 43 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

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