Mar 25, 2018

Uber to buy stake in Southeast Asian rival Grab

The Uber app. Photo: Jaap Arriens / NurPhoto via Getty Images

Uber has agreed to purchase a 25 to 30% stake in Grab, a Singapore-based ride-hailing rival, in exchange for Grab taking over "in the eight markets in Southeast Asia where it is operational," TechCrunch reports.

Why it matters: The deal allows Uber to retain some influence in the Southeast Asian market after losing market share to Grab there over the past year with the company distracted by internal issues at home. The deal is similar to Uber's deals to exit the Chinese and Russian markets over the past couple of years with local rivals Didi and Yandex.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 1,309, 439 — Total deaths: 72,638 — Total recoveries: 273,546Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 347, 003 — Total deaths: 10,335 — Total recoveries: 18,953Map.
  3. 2020 update: Wisconsin governor issues executive order to delay in-person primary voting until June.
  4. Public health latest: Asymptomatic children could play important role in coronavirus spread, new data from the CDC shows.
  5. States' latest: West coast states send ventilators to New York and other states experiencing a more immediate need — Data suggests coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  6. Jobs latest: Unemployment could already be at 13% "and moving higher," per former Federal Reserve Chair Janet Yellen.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Wisconsin governor issues order to delay in-person primary voting until June

Photo: Nuccio DiNuzzo/Getty Images

Wisconsin Gov. Tony Evers (D) issued an executive order Monday delaying in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Why it matters: Wisconsin was slated to be the only state to vote on Tuesday amid the coronavirus pandemic, despite having a stay-at-home order in place.

Go deeperArrow30 mins ago - Health

U.S. coronavirus updates: Death toll reaches 10,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,000 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 36 mins ago - Health