Seth Wenig / AP

Uber's Instant Pay — which lets Uber drivers use the money made from rides to purchase goods right away, rather than wait for the money to be deposited in their bank accounts — has led to over $1.3 billion in transactions in its first year alone, reports TechCrunch.

The feature launched last year with GoBank and a dedicated Visa card, and has since opened up the program to most U.S.-accepted cards. Uber says expansion has led to "hundreds of thousands" of signups and has encouraged the ride-sharing company to widen the feature once again. Now, essentially all U.S.-based drivers, UberEATS, and delivery cars will have access to the program.

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There's little consensus on TikTok's specific national security threat

Illustration: Aïda Amer/Axios

TikTok has become a Rorschach test for how U.S. politicians view China, with little consensus on the specifics of its threat to homeland security.

The big picture: Much of what D.C. fears about TikTok is fear itself, and that's reflected in President Trump's executive order to ban the app by Sept. 20 if it's not sold by parent company ByteDance — alongside another focused on Chinese messaging app WeChat and its parent company Tencent.

U.S. sanctions Hong Kong leader Carrie Lam

Photo: Anthony Kwan/Getty Images)

The Treasury Department on Friday placed sanctions on Hong Kong leader Carrie Lam, following months of tension as she has allowed continued overreach by Beijing to subvert Hong Kong's autonomy.

Why it matters: It's the toughest sanction yet imposed on China for its destruction of Hong Kong’s relatively free political system.

GM's high-stakes electric move

The Cadillac Lyriq. Image courtesy of Cadillac

Cadillac on Thursday unveiled the Lyriq, the luxury brand's first all-electric model and GM's first consumer electric vehicle unveil since the Chevy Bolt several years ago.

Why it matters: It's the first reveal by GM of an electric vehicle that will use the company's new modular platform and Ultium battery system — technologies meant to underpin the 20 electric vehicles that GM plans to launch by 2023.