Mar 25, 2017

Uber halts Arizona self-driving car testing following accident

Uber has grounded its self-driving cars in Arizona while it continues to investigate an accident that happened on Friday evening in Tempe. The company also confirmed that the car was in self-driving mode when another car hit it.

While it had a safety driver in the driver's seat (as all its self-driving cars do), there were no passengers in the back, and no serious injuries to anyone in either car, according to Uber.

What to watch: The results of the investigation could raise questions about Uber's self-driving car software if its car was at fault or should have avoided the collision.

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Trump lashes out at governors, urges them to "dominate" protesters

Photo: Alex Wong/Getty Images

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

2 hours ago - World

Putin sets referendum that could allow him to rule until 2036 for July 1

Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images

Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.

Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.

A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.