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Uber has a message: It might be in the midst of several PR crises, but it's growing more than ever.

The company released its revenue numbers to Bloomberg showing that it brought in $20 billion in gross bookings in 2016, which was double that of the previous year. It made $6.5 billion in net revenue, with $2.8 billion in adjusted net losses, excluding its Chinese business, which it sold last summer.

Q4 bump: In the fourth quarter of 2016, gross bookings grew 28% from the previous quarter to $6.9 billion, and Uber brought in $2.9 billion in net revenue, a 74% bump from the third quarter. Meanwhile, its significant losses grew 5% to $991 million.

Accounting note: While Uber only counts the commission it takes from private rides as part of its revenue, it counts the full price of the ride in the case of UberPool, its carpooling service.

Go deeper

7 mins ago - World

China's extraterritorial threat

Illustration: Aïda Amer/Axios

All multinational companies and executives need to worry about breaking U.S. law, no matter where they're based or doing business. Now, they need to worry about Chinese law, too.

Why it matters: The projection of U.S. norms and laws around the world has been an integral (and much resented) part of America's "soft power" since 1945. As China positions itself to replace the USA as global hegemon, expect it to become increasingly assertive along similar lines.

Big Pharma launches $1B venture to incentivize new antibiotics

Illustration: Lazaro Gamio/Axios

A group of large drug companies launched a $1 billion AMR Action Fund Thursday in collaboration with policymakers, philanthropists and development banks to push the development of two to four new antibiotics by 2030.

Why it matters: Antimicrobial resistance (AMR) is a growing problem — possibly killing up to 20 million people annually by 2050 — but a severe lack of R&D market incentives has hampered efforts to develop a robust antibiotic pipeline to address the issue.

Updated 39 mins ago - Politics & Policy

Inside Geoffrey Berman's closed-door testimony

Berman arrives on Capitol Hill Thursday. Photo: Saul Loeb/AFP via Getty Images

Geoffrey Berman, the former top federal prosecutor in Manhattan, was expected to say in closed-door testimony today that Attorney General Bill Barr repeatedly urged him to take another job, warned him that getting fired would not be good for his resume or job prospects and steered him toward a high-level Justice Department post in DC.

Driving the news: Axios has obtained a copy of Berman's opening statement for his closed-door hearing before the House Judiciary Committee.