Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Dara Khosrowshahi speaks onstage at The New York Times 2017 DealBook Conference on November 9, 2017 in New York City. Photo: Michael Cohen/Getty Images for The New York Times

Two of Uber's recent deals — an investment from Softbank and settling its lawsuit with Waymo — were about keeping "peace in the kingdom," said new CEO Dara Khosrowshahi on Wednesday at Goldman Sach's tech conference in San Francisco.

Big picture: Khosrowshahi's job so far has been clear: eliminate as much drama from the company as possible. The Softbank investment in particular, was about providing liquidity to early shareholders and paving way for important governance changes that have been overdue.

Why he went forward with the Softbank deal:

  • "They were very knowledgeable about the space,” he said of Softbank, which had already invested in ride-hailing companies like Didi Chuxing in China. "I think that Softbank is very smart, deep-pocketed money,” adding he'd rather have the company as an ally than a competitor.
  • "They are looking at a lot of adjacencies around electrification, batteries," and so on.
  • "[Softbank CEO Masayoshi Son] is a visionary —if a visionary wants to make a bet on you, let’s make it happen.”

On last week's settlement with Waymo:

  • The case "was a very, very significant distraction for our teams that are working on autonomy... It put [the autonomous driving team's] really good work under question mark.”
  • "Neither company is particularly happy with the settlement, which means it's probably a good settlement.”
  • "I was happy for Alphabet, or Google, to become a bigger investor in us.” (Alphabet's VC arm, GV, first invested in Uber in 2013.)

Uber has bigger transportation ambitions than just ride-hailing: "Cars to us are what books were to Amazon," Khosrowshahi said of the Seattle giant.

Go deeper

Biden will reverse Trump's attempt to lift COVID related travel restrictions

Photo: Tasos Katopodis via Getty

The incoming Biden administration will reverse President Trump's last-minute order to lift COVID-19 related travel restrictions, Jen Psaki, the incoming White House press secretary, tweeted.

Why it matters: President Trump ordered entry bans lifted for travelers from the U.K., Ireland, Brazil and much of Europe to go into effect Jan. 26, but the Biden administration will "strengthen public health measures around international travel in order to further mitigate the spread of COVID-19," Jen Psaki said. Biden will be inaugurated on Wednesday, Jan. 20 and Trump will no longer be president by the time the order is set to go into effect.

Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

Photo: Stephen Maturen/Getty Images

Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.

Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sidney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.