Apr 7, 2017

Venture capitalist running for Illinois governor

Max Herman /Chicago Sun-Times via AP

Hotel scion J.B. Pritzker yesterday announced his candidacy for the Democratic Party nomination to unseat Illinois Gov. Bruce Rauner. From a finance perspective, it sets up a battle between one of the state's top venture capitalists against one of its best-known private equity executives.

Finance fight: Pritzker has spent the past two decades leading Pritzker Group Venture Capital, whose deals have included Casper, Honest Co., Fleetmatics, Playdom and Pindrop Security. He also co-founded a middle-market private equity affiliate. A source says that he'll step down as managing partner of both groups, although no official statement yet on that matter. Rauner was a longtime private equity executive with Chicago-based GTCR, before entering politics earlier this decade.

Odds: Pritzker faces a crowded Democratic field before getting to Rauner, although his wealth, Democratic Party bonafides (sister Penny was Obama's Commerce Secretary) and the strength of the Pritzker name in Illinois make him the early front-runner. Then again, Jeb Bush was once a front-runner for similar reasons.

Rhetoric: Less than 24 hours in, and Pritkzer already has called Rauner a "failure," and Rauner has called Pritzker a "lapdog."

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Bernie Sanders wins Nevada caucus

Democratic presidential candidate Sen. Bernie Sanders waves to supporters at a campaign rally on Friday in Las Vegas. Photo: Mario Tama/Getty Images

Sen. Bernie Sanders is projected to handily win the Nevada Democratic primary caucus, becoming the clear frontrunner among 2020 Democratic presidential primary election candidates.

Why it matters: Nevada is the first state with a diverse population to hold a nominating contest, highlighting candidates' abilities to connect with voters of color — particularly Latino voters.

Go deeperArrowUpdated 1 hour ago - Politics & Policy

South Korea and Italy see spikes in coronavirus cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus has spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting these are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the United States.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel and Lebanon, while Iran reported its sixth death from the virus. South Korea's confirmed cases jumped from 204 Friday to 433 on Saturday and Italy's case count rose from 3 to 62 by Saturday.

Go deeperArrowUpdated 2 hours ago - Health

America's rundown roads add to farmers' struggles

Illustration: Sarah Grillo/Axios

American farmers are struggling to safely use the roads that cut through their fields; decades of neglect and lack of funding have made the routes dangerous.

The big picture: President Trump has long promised to invest billions in rural infrastructure, and his latest proposal would allocate $1 trillion for such projects. Rural America, where many of Trump's supporters live, would see a large chunk of that money.