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Jeff Chiu / AP

Uber has held multiple meetings with the SEC about how it can provide equity to its drivers, who are contractors rather than employees, Axios has learned from a source familiar with the situation.

  • Why it matters: If Uber and the SEC come to an agreement, it could provide a legal template for other gig economy companies. It also could help Uber better recruit and retain drivers.
  • Book excerpt: "Kalanick lights up. He says he wants to give equity to drivers... but Uber has found the securities-law implications to be complicated." – from Wild Ride by Adam Lashinsky, in reference to former Uber CEO Travis Kalanick.
  • Context: New York-based ride-hail company Juno had promised drivers restricted stock units (so long as they met certain requirements), but the SEC objected to the structure. So much so, in fact, that Juno told drivers via email that it was "considering, among other things, whether the RSUs previously granted were void under the terms of the RSU program." That same email also announced that Juno was being acquired by Israel-based Gett, which effectively voided the RSUs anyway (with Juno drivers basically getting bupkus).

Go deeper

8 hours ago - World

Over 170 Palestinians injured in clashes with Israeli police in Jerusalem

An injured man is carried away as Israeli security forces clash with Palestinian protesters at the al-Aqsa mosque compound in Jerusalem. Photo: Ahmad Gharabli/AFP via Getty Images

At least 178 Palestinians have been injured in clashes with Israeli police in Jerusalem, Reuters reported late Friday.

The big picture: The clashes come amid growing anger over the threatened eviction of Palestinians from their homes on land claimed by Jewish settlers in East Jerusalem. Tensions have also escalated in the occupied West Bank in recent weeks.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Coronavirus cases hit a seven-month low — Majority back vaccine proof requirements for travel, schools and work — The race to avoid a possible "monster" COVID variant.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations — Americans' return to the skies could benefit smaller airlines.
  5. World: WHO authorizes China's Sinopharm COVID-19 vaccine for emergency use — Mixed response in Europe to Biden's vaccine patents bombshell.
  6. Variant tracker: Where different strains are spreading.

Ohio GOP censures Rep. Anthony Gonzalez over Trump impeachment vote

Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

The Ohio Republican Party on Friday censured Rep. Anthony Gonzalez (R-Ohio) and called for him to resign for voting to impeach former President Trump in January, Reuters reports.

The big picture: Gonzalez is the latest Republican lawmaker to be punished for voting to impeach the former president on a charge of inciting the deadly Jan. 6 insurrection.

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