Illustration: Lazaro Gamio / Axios

Uber is shutting down its car leasing business, Xchange Leasing, after reportedly hoping to sell it, the company told the Wall Street Journal. The company will look for a "less capital intensive approach," it said.

Why it matters: Debuted two years ago, Xchange Leasing has been a controversial business unit. Earlier this summer, the WSJ reported that the company knowingly leased out defective cars to drivers in Singapore, while a Bloomberg report last year explored the financial risks for drivers who rent out the cars.

  • This is one of several moves by the company to shed units that aren't financially viable. Last year, it sold its Chinese operations to local rival Didi Chuxing after sinking $2 billion in the business, and a few months ago it did the same with its operations in Russia and neighboring countries. According to the WSJ, Uber recently discovered that it was losing 18 times more money per vehicle than previously thought.

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  1. Politics: Obama: Trump is "jealous of COVID's media coverage" Axios-Ipsos poll: Federal response has only gotten worse.
  2. Health: Hospitals face a crush — 13 states set single-day case records last week.
  3. Business: Winter threat spurs new surge of startup activity.
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  5. States: Nearly two dozen Minnesota cases traced to three Trump campaign events.
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Updated 2 hours ago - Politics & Policy

Unrest in Philadelphia after fatal police shooting of Black man

Demonstrators rally on Tuesday near the location where Walter Wallace was killed by two police officers in Philadelphia, Pennsylvania. Photo: Mark Makela/Getty Images

The Pennsylvania National Guard was mobilized Tuesday during a tense second night of protests in Philadelphia over the fatal police shooting of Walter Wallace, a 27-year-old Black man.

Driving the news: Philadelphia Mayor Jim Kenney (D) and Police Commissioner Danielle Outlaw said in a joint statement Monday that police were launching a "full investigation" to answer questions that arose from video that captured part of the incident with police.

3 hours ago - Sports

Los Angeles Dodgers win World Series

Mookie Betts slides home safely to give the Dodgers a 2-1 lead. Photo: Tom Pennington/Getty Images

The Los Angeles Dodgers won their seventh World Series in franchise history with a 3-1 Game 6 victory over the Tampa Bay Rays on Tuesday. Shortstop Corey Seager was named the series MVP.

The big picture: It's the Dodgers' first championship since 1988, though they've won the NL West division in eight straight seasons and reached the World Series three times in the last four years.

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