Illustration: Sarah Grillo/Axios

WeWork plans to spin off or sell 2 more of its recent acquisitions — SpaceIQ and Teem — in addition to others that have been reported, according to a source familiar with the matter.

Why it matters: After replacing its CEO and shelving its IPO, the company is looking to boost its balance sheet and focus on its core co-working business.

As was reported by The Information last week, the company is looking to spin off Managed by Q, Meetup and Conductor, and it has already received interest, the source said.

As for SpaceIQ and Teem, both are tech companies that help businesses manage their space.

  • Teem, which WeWork acquired a year ago, has a variety of software for businesses, including managing conference-room bookings and handling visitors arriving at the lobby.
  • SpaceIQ, acquired in July, allows a company's real estate department to handle tasks such as managing floor plans and desk assignments.

The big picture: Divesting recent purchases isn't the only change being made by new management. The company has also fired a number of executives with close ties to former CEO Adam Neumann, and layoffs are reportedly in the offing.

Go deeper: We(re)Work: One week, many changes

Go deeper

Updated 57 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12:15 p.m. ET: 21,261,598 — Total deaths: 767,054— Total recoveries: 13,284,647Map.
  2. U.S.: Total confirmed cases as of 12:15 p.m. ET: 5,324,930 — Total deaths: 168,703 — Total recoveries: 1,796,326 — Total tests: 65,676,624Map.
  3. Health: The coronavirus-connected heart ailment that could lead to sudden death in athletes — Patients grow more open with their health data during pandemic.
  4. States: New York to reopen gyms, bowling alleys, museums.
  5. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  6. Politics: Biden signals fall strategy with new ads.

Kamala Harris and the political rise of America's Indian community

Vice presidential hopeful Sen. Kamala Harris (D-Calif.) Photo: Drew Angerer/Getty Images

When Democrats next week formally nominate the daughter of an Indian immigrant to be vice president, it'll be perhaps the biggest leap yet in the Indian American community's rapid ascent into a powerful political force.

Why it matters: Indian Americans are one of the fastest-growing, wealthiest and most educated demographic groups in the U.S. Politicians work harder every year to woo them. And in Kamala Harris, they'll be represented in a major-party presidential campaign for the first time.

6 hours ago - Health

The cardiac threat coronavirus poses to athletes

Illustration: Annelise Capossela/Axios

Cardiologists are increasingly concerned that coronavirus infections could cause heart complications that lead to sudden cardiac death in athletes.

Why it matters: Even if just a tiny percentage of COVID-19 cases lead to major cardiac conditions, the sheer scope of the pandemic raises the risk for those who regularly conduct the toughest physical activity — including amateurs who might be less aware of the danger.