Photo: Smith Collection/Gado/Getty Images
Goldman Sachs and Morgan Stanley submitted proposals to Uber last month that would value a potential IPO for the ride-sharing giant as high as $120 billion, nearly double the company's valuation from a fundraising round two months ago, reports WSJ.
Flashback: Almost exactly a year ago, Axios' Dan Primack outlined the case for Uber being valued at $95 billion in a round of private funding from SoftBank.
Illustration: Annelise Capossela/Axios
Photo: Stephen Maturen/Getty Images
Rep. Ilhan Omar (D-Minn.) won the Democratic primary against lawyer Antone Melton-Meaux on Tuesday evening, AP reports.
Why it matters: The race is one that's played out across the U.S. as progressives continue to sweep party nominations. Omar's win officially means all four progressive members of "The Squad" have won their primary elections.
Police officers inspect a damaged Best Buy in Chicago that was looted and vandalized. Photo: Scott Olson/Getty Images
Local police officers are seeking felony charges in 25 cases following the arrest of 100 people in the wake of widespread looting and property damage in Chicago on Monday, per the Washington Post.
Driving the news: Law enforcement said the event involving hundreds of people was a coordinated response after an officer shot a suspect Sunday evening, according to CBS Chicago.