Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Aug 8, 2019 - Technology

Uber stock price drops after missed Q2 expectations

Kia Kokalitcheva

Photo: Jaap Arriens/NurPhoto via Getty Images

Uber's stock price dropped by more than 12% after its Q2 revenue and losses missed analyst expectations.

By the numbers:

Revenue: $3.17 billion , versus $3.3 billion expected.
Net loss: $5.24 billion, versus losses of $3.4 billion expected. Uber says its losses include $298 million in IPO-related driver rewards and $3.9 billion in employee stock compensation.
Loss per share: $4.72, versus a loss of $3.19 per share expected.
Gross bookings: $15.76 billion, up 31% from a year ago.
Monthly active platform consumers: 99 million, up 30% from a year ago.

Yesterday, rival Lyft posted better-than-expected revenue for Q2 and raised its outlook for the rest of 2019.

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Alayna Treene, Lachlan Markay

58 mins ago - Politics & Policy

Corporate America finds downside to politics

Illustration: Annelise Capossela/Axios

Corporate America is finding it can get messy when it steps into politics.

Why it matters: Urged on by shareholders, employees and its own company creeds, Big Business is taking increasing stands on controversial political issues during recent months — and now it's beginning to see the fallout.

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Stef W. Kight, Russell Contreras

59 mins ago - Politics & Policy

Church groups say they can help the government more at border

A mural inside of Casa del Refugiado in El Paso, Texas. Photo: Stef Kight/Axios

Despite the separation between church and state, the federal government depends upon religious shelters to help it cope with migration at the U.S.-Mexico border.

Why it matters: The network supports the U.S. in times of crisis, but now some shelter leaders are complaining about expelling families to Mexico when they have capacity — and feel a higher calling — to accommodate them.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

Health: Global COVID-19 death toll surpasses 3 million — Telehealth brings moms-to-be improved care.
Vaccines: All U.S. adults now eligible for COVID-19 vaccine — CDC says half of U.S. adults have received one COVID-19 vaccine dose — Fauci expects decision on resuming J&J coronavirus vaccine by Friday.
Political: Watchdog says agency infighting increased health and safety risks at start of pandemic — When vaccine hesitancy becomes political
World: EU regulator: Benefits of J&J vaccine outweigh risk of rare blood clots — Head of world's largest vaccine maker urges Biden to lift export ban on raw materials.
Food: COVID-19 smell loss leads to culinary experimentation.
Variant tracker: Where different strains are spreading.

Go deeper (1 min. read)