Feb 13, 2017

Uber's "cookie cutter" approach costing it in India, rival says

Ola Cabs

Uber should do a better job of understanding "local nuances" — like offering motorbikes and enabling users to book a car for an entire day — if it wants to do better in countries like India, Pranay Jivrajka, an executive at Uber rival Ola Cabs tells CNN.

Why this matters: Uber has been struggling to make profits in India, and CEO Travis Kalanick has even admitted that the company is "losing" there, though he is determined to continue India business operations "in the long run." India is a focus for Uber after it suspended operations in Taiwan last week, and sold its Chinese business to local rival Didi Chuxing six months ago. Adjusting its business model for the local market could be a way for them to accelerate India operations.

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Fadel Allassan
21 mins ago - Politics & Policy

Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

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Felix Salmon, author of Capital
2 hours ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

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Axios
2 hours ago - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.

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