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Year's first tech IPO just got bigger

Daryl Dimalanta / Flickr Creative Commons

AppDynamics, a software company designed to help businesses spot and fix bugs in their applications, will be the first big tech IPO of 2017. The company originally filed to sell shares at $10-$12, but thanks to strong investor demand they're now selling at $12-$14 per share.

Expect to see prices tomorrow night. The company will begin trading Thursday.

Why this matters: 2016 was the slowest year for tech IPOs since the Great Recession. AppDynamics' optimistic IPO indicates that the market expects more companies to go public this year.

Go deeper

Stef W. Kight
27 mins ago - Politics & Policy

CDC lets child migrant shelters fill to 100% despite COVID concern

Intensive care tents at overflow shelter in Carrizo Springs, Texas. Photo: Sergio Flores/The Washington Post via Getty Images

The Centers for Disease Control is allowing shelters handling child migrants who cross the U.S.-Mexico border to expand to full capacity, abandoning a requirement that they stay near 50% to inhibit the spread of the coronavirus, Axios has learned.

Why it matters: The fact that the country's premier health advisory agency is permitting a change in COVID-19 protocols indicates the scale of the immigration crisis. A draft memo obtained by Axios conceded "facilities should plan for and expect to have COVID-19 cases."

Go deeper (2 min. read)Arrow
Ursula Perano
1 hour ago - Politics & Policy

8 Senate Democrats vote against adding $15 minimum wage to COVID relief

Photo: Stefani Reynolds/Bloomberg via Getty Images

Eight Democratic senators on Friday voted against Sen. Bernie Sanders' amendment to ignore a ruling by the Senate parliamentarian and add a $15 minimum wage provision to the $1.9 trillion COVID relief package.

The state of play: The vote was held open for hours on Friday afternoon — even after every senator had voted — due to a standoff in negotiations over the next amendments that the Senate will take up.

Go deeper (1 min. read)Arrow
Marisa Fernandez
1 hour ago - Health

CDC: Easing mask mandates led to higher COVID cases and deaths

Customer at a supermarket chain in Austin, Texas. Montinique Monroe/Getty Images

Easing mask restrictions and on-site dining have increased COVID-19 cases and deaths, according to a study out Friday from the Centers for Disease Control and Prevention.

Why it matters: The report's findings converge with actions from governors this week easing mask mandates and announcing plans to reopen nonessential businesses like restaurants.

Go deeper (<1 min. read)Arrow