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Uber's IPO will likely arrive before the end of the decade.CEO Dara Khosrowshahi confirmed on Thursday that the company's "target" is to go public in 2019. The move is a departure from his predecessor, Uber co-founder Travis Kalanick, who had tried to put off an IPO as long as possible."We have all of the disadvantages of being a public company, as far as the spotlight on us, without any of the advantages of being a public company," Khosrowshahi said on stage at the New York Times DealBook Conference in Manhattan."Travis and the whole board now agree that we should just go public," he added.Uber currently has a valuation of billion, which makes it the most highly valued startup in the world. The company has raised more than billion in capital since its founding in 2009.SoftBank, the Japanese conglomerate, has also been in discussions with Uber for a massive private investment expected to total in the billions. Khosrowshahi expressed confidence about getting Uber's entire board on the same page and closing the deal."There's negotiations going on," he said. "They've probably taken longer than they should have, but we're gonna get there."The event marked Khosrowshahi's first extensive interview since taking over as Uber's CEO two months ago. In the conversation, he spoke candidly about his early doubts about the job given Uber's numerous PR crises at the time."It was this media circus that honestly I didn't want any part of," said Khosrowshahi, describing his initial feelings when he received a call about the CEO search. Khosrowshahi was then the CEO of Expedia. A friend, Spotify CEO Daniel Ek, later talked him into taking the opportunity seriously.Before joining the company, Khosrowshahi reviewed the company's financial and legal issues, as well as reading the blog post from a former engineer that rocked Uber with allegations of sexual harassment. However, he did not ask to read a report on the failures of Uber's reckless company culture put together by former U.S. Attorney General Eric Holder."The culture went wrong, and the governance of the company went wrong and the board went in a very bad direction," Khosrowshahi said. "But if the product is good, then if you can bring in good leadership, you can ultimately bring it together."Earlier this week, Khosrowshahi published a new set of "cultural norms" for the company, replacing Uber's "win at all costs" mentality with greater emphasis on corporate responsibility and inclusion. One of the norms: "We do the right thing. Period."But one of the biggest obstacles for Khosrowshahi's turnaround effort at Uber may be Kalanick. The former CEO continues to serve on Uber's board. In late September, Kalanick blindsided the company by using his power to appoint two new board members.Khosrowshahi admitted Kalanick wants to be more a part of the company than he currently is."It's a good relationship, but it comes with balance. What I told Travis very early on is that any new CEO needs space and needs distance from the old CEO," Khosrowshahi said. "I was a little worried about that conversation, but actually he took it very well and he's been very respectful."Khosrowshahi said he does anticipate leaning on Travis for insights on the business at a later date. "Over a period of time," he said, "I would be foolish not to use Travis's incredible genius and his knowledge that really was largely responsible for getting the company to where it is now." 3463
Two World Health Organization experts are heading to the Chinese capital on Friday to lay the groundwork for a larger mission to investigate the origins of the coronavirus.An animal health expert and an epidemiologist will meet Chinese counterparts in Beijing to set the “scope and terms of reference” for a WHO-led international mission aimed at learning how the virus jumped from animals to humans, a WHO statement said.Scientists believe the virus may have originated in bats and was transmitted to another mammal such as a civet cat or an armadillo-like pangolin before being passed on to people.A cluster of infections late last year focused initial attention on a fresh food market in the central Chinese city of Wuhan, but the discovery of earlier cases suggests the animal-to-human jump may have happened elsewhere.In an effort to block future outbreaks, China has cracked down on the trade in wildlife and closed some markets, while enforcing strict containment measures that appear to have virtually stopped new local infections.The WHO mission is politically sensitive, with the U.S. — the top funder of the U.N. body — moving to cut ties with it over allegations it mishandled the outbreak and is biased toward China.“China took the lead in inviting WHO experts to investigate and discuss scientific virus tracing,” Chinese foreign ministry spokesperson Zhao Lijian said Friday.In contrast, he said, the U.S. “not only announced its withdrawal from the World Health Organization, but also politicized the anti-epidemic issue and played a buck-passing game to shift responsibilities.”More than 120 nations called for an investigation into the origins of the virus at the World Health Assembly in May. China has insisted that WHO lead the investigation and for it to wait until the pandemic is brought under control. The U.S., Brazil and India are continuing to see an increasing number of cases.The last WHO coronavirus-specific mission to China was in February, after which the team’s leader, Canadian doctor Bruce Aylward, praised China’s containment efforts and information sharing. Canadian and American officials have since criticized him as being too lenient on China.An Associated Press investigation showed that in January, WHO officials were privately frustrated over the lack of transparency and access in China, according to internal audio recordings. Their complaints included that China delayed releasing the genetic map, or genome, of the virus for more than a week after three different government labs had fully decoded the information.Privately, top WHO leaders complained in meetings in the week of Jan. 6 that China was not sharing enough data to assess how effectively the virus spread between people or what risk it posed to the rest of the world, costing valuable time. 2810

USA Gymnastics CEO Kerry Perry apologized Wednesday for the "horrific acts" of Larry Nassar at a congressional hearing examining the Olympic community's role in sex abuse scandals."I want to apologize to all who were harmed by the horrific acts of Larry Nassar," Perry said.She said she was "appalled and sickened by the despicable crimes" of Nassar and said USA Gymnastics has taken a new course over the last five months to protect athletes.Perry was appointed to take over USA Gymnastics late last year. She replaced Steve Penny, who resigned in March 2017 amid backlash over the organization's handling of sexual abuse claims, including against Nassar.Nassar, the former USA Gymnastics doctor and Michigan State University team physician, admitted in a Michigan court that he had used his influence and position as a trusted medical professional to sexually abuse young girls and women over two decades.Several of the hundreds of women abused by Nassar, including gold medal gymnast Aly Raisman, have said USA Gymnastics is responsible for not doing more to stop the years of abuse. In court in January, Raisman said the organization was "rotting from the inside" and called on Perry to take responsibility for the issue."Where is the honesty? Where is the transparency? Why must the manipulation continue?" Raisman asked.Also speaking at the congressional hearing are Jamie Davis, the CEO of USA Volleyball; Tim Hinchey, president and CEO of USA Swimming; Susanne Lyons, acting CEO of the United States Olympic Committee; Steve McNally, executive director of USA Taekwondo; and Shellie Pfohl, president and CEO of the US Center for SafeSport. 1655
Update, 5:05 p.m. ET: It appears an outage to the IRS' e-file system has been fixed. For much of Tuesday, the IRS website had a glitch, preventing some from completing their taxes. Tuesday was the last day to file 2017 taxes.Previous story:The IRS gave people another reason to get their taxes done early. The IRS online payment option to pay with a bank account went down Tuesday with hours to go before the Tax Day deadline. As of 12:20 p.m. Eastern, the site had an alert telling customers "This service is currently unavailable. We apologize for any inconvenience." Late filers could still pay by credit or debit card, but those payments come with fees. 702
VALLEY CENTER, Calif. -- An 18-year-old motorcyclist was killed after a head-on crash with a sedan in Valley Center Saturday.The crash happened around 3:30 p.m. Saturday on Mac Tan Road, according to the California Highway Patrol.Officers say the 18-year-old was riding his motorcycle at a high speed when he came to a bend, lost control of the bike and slid into the opposing lane of traffic.The teen was the struck by 2004 Kia Spectra, CHP say.The motorcyclist was taken to the hospital where he later died. The driver of the sedan was uninjured.Officers say driving under the influence hasn’t been ruled out as a possible factor in the crash. 653
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