WeWork is seeking to secure a credit line of between $3 billion and $4 billion, which could eventually expand to $10 billion, as first reported by the WSJ and confirmed by Axios.

Why it matters: This reflects WeWork's belief that public market investors want to see safe passage to profitability.

  • Talks are furthest along with Goldman Sachs and J.P. Morgan, but no final agreement is yet in place. If successful, the deal would effectively cancel WeWork's outstanding bonds (sold last spring). A company spokesperson declined comment.

The bottom line: We often see companies go public in order to reduce their debt, but this may be the first time we've seen a company add debt to go public.

Go deeper: WeWork CEO on profits and why the company may go public

Go deeper

Doomsday has arrived for tens of thousands of workers

Illustration: Sarah Grillo/Axios

Federal coronavirus aid for airlines expires on Thursday with no renewal in sight, meaning massive layoffs for the industry aren't far behind.

The big picture: Airline workers aren't alone on the unemployment line. Oil companies, tire manufacturers, book publishers and insurers are among those that have announced tens of thousands of layoffs. Federal aid through the CARES Act earlier this year delayed most layoffs — until now.

2 hours ago - Science

How the brain handles the unknown

Illustration: Sarah Grillo/Axios

Uncertainty can be hard for humans. It drives anxiety, an emotion neuroscientists are trying to understand and psychologists are trying to better treat.

Why it matters: Under the threat of a virus, job insecurity, election uncertainty, and a general pandemic life-in-limbo that is upending school, holidays and more, people are especially anxious.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 34,103,279 — Total deaths: 1,016,167 — Total recoveries: 23,694,869Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 7,255,546 — Total deaths: 207,374 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Politics: House prepares to pass revised COVID relief bill as White House talks hit roadblock.
  4. Health: Health officials urge flu shots, warning of "twindemic" with COVID-19 — Coronavirus infections rise in 25 states.
  5. Business: Remdesivir is good business for Gilead.