Aug 7, 2017

WeWork invests $500 million to grow in Southeast Asia and Korea

Courtesy of WeWork

Continuing its expansion in Asia, office rental company WeWork is investing $500 million in Southeast Asia and Korea. It has also acquired local office co-working startup Spacemob for an undisclosed amount (the value is part of the total amount WeWork is investing in the region). WeWork declined to disclose the source of the funds.

Asian expansion: Last month, WeWork announced a $500 million investment into its new Chinese business, with funds from SoftBank and existing investor Hony Capital. It also created a joint venture in partnership with SoftBank to bring the company's business to Japan.

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Orion Rummler

Mass shooting in Milwaukee: What we know so far

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Milwaukee Molson Coors brewery complex on Wednesday, including the shooter, Mayor Tom Barrett told reporters at an evening press conference with local police.

What's happening: Police said "there is no active threat" just before 6 pm ET, but noted the scene remains active. Police chief Alfonso Morales told reporters that officers have "more than 20 buildings we have to secure" at the complex and they do not currently have all employees accounted for, as more than 1,000 were at the complex during the shooting.

Go deeperUpdated 24 mins ago - Politics & Policy

Axios

Live updates: CDC confirms possible community spread of coronavirus

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.

U.S. clinicians have found the novel coronavirus in a person who did not recently return from a foreign country nor have contact with a confirmed case, the CDC said Tuesday.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

Go deeperUpdated 40 mins ago - Health

Zachary Basu

Trump assigns Pence to lead U.S. coronavirus response

Photo: ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

President Trump announced at a press briefing Wednesday evening that he'll be putting Vice President Mike Pence in charge of leading the administration's response to the coronavirus.

The big picture: In the wake of a market sell-off and warnings from health officials that there's a real threat of the coronavirus spreading in the U.S., Trump sought to reassure the nation and Wall Street that the U.S. is "ready" for whatever comes next.

Go deeperUpdated 2 hours ago - Politics & Policy