AP

Uber has fired self-driving car executive Anthony Levandowski, amid a legal battle with Alphabet's Waymo unit over alleged trade secret theft, according to an internal email obtained by the New York Times and confirmed to Axios by the company. Levandowski, who left Waymo more than a year ago and whose self-driving truck startup (Otto) was eventually acquired by Uber, has refused to hand over files he allegedly stole, instead asserting his Fifth Amendment rights.

Context: Uber last week told Levandowski that he could be terminated if he declines to cooperate with the court's orders. According to an Uber spokesperson, he failed to meet Uber's deadline to comply. Eric Meyhofer, who took over some of Levandowski's duties in April, will fully replace him.

Why it matters: Firing Levandowski is likely the last thing Uber wanted to do. Not only is he a rare expert in autonomous driving technology, but Uber effectively paid $680 million to hire him when it acquired Otto.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.