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Illustration: Aïda Amer/Axios

WeWork sold certain assets of its WeGrow school to Rebekah Neumann, who founded WeGrow while serving as WeWork's chief brand officer.

Why it matters: It's surprising that an amenable arrangement was reached between WeWork and the Neumanns, given the lingering animosity on both sides. Plus the fact that Rebekah's husband, former WeWork CEO Adam Neumann, recently sued WeWork's controlling investor.

  • WeWork had a K-4 school? Yup, it sure did. I even visited once and was pretty impressed (as I should have been, given the $42k tuition). WeWork announced that WeGrow would shutter at the end of the current school year, which just ended. Also worth noting is that WeWork just sold Flatiron School, a coding academy, to Carrick Capital Partners.

Details: Neumann purchased the school's curriculum and some of its furniture, but not the WeGrow brand name. Word is that the sale price was well below $1 million.

The bottom line: "Neumann is planning to relaunch the school as Students of Life For Life, or SOLFL, pronounced 'soulful.' She is partnering with former WeGrow teacher Alexandra Duvall to further develop the initiative, which would include a combination of remote and physical learning, Gold says, with an aim to eventually expand the curriculum nationally, and then globally." — David Jeans, Forbes

Go deeper

4 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.

The week markets went wild

Illustration: Lazaro Gamio

The markets just closed out a manic week.

Why it matters: Outsized — and in some cases historic — moves were evident across the board.