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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: Sarah Grillo/Axios
Stories about President Trump's photo op at St. John's church after peaceful protesters were forcefully cleared from the area averaged the most online attention of any issue about the president this week.
Why it matters: Trump's force-over-compassion approach to the demonstrators protesting the murder of George Floyd had Republican allies backpedaling to keep a distance — and led to a wave of condemnations that got plenty of online traction on their own.
Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images
Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.
The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.