Uber files for its IPO. The company is expected to reveal a raft of details about its financial situation ahead of a May listing. The company is aiming to raise funds at a valuation of up to $100 billion, below previous expectations, after LyftâÂÂs shares sank shortly after its IPO last month (paywall).
[Quartz Daily Brief: America](
Good morning, Quartz readers!
What to watch for today
Uber files for its IPO. The company is expected to [reveal a raft of details]( about its financial situation ahead of a May listing. The company is aiming to raise funds at a valuation of up to $100 billion, below previous expectations, after Lyftâs shares sank shortly after its [IPO last month]( (paywall).
South Koreaâs president visits the White House. Moon Jae-in will meet with Donald Trump in a bid to [restart discussions with North Korea]( which foundered at a summit in February when the US determined it hadnât made enough concessions to warrant lifting sanctions.
Carlos Ghosnâs wife testifies in Tokyo. Carole Ghosn is expected to speak with prosecutors as soon as today[in defense of her husband](. The ousted Nissan chairman, arrested for the fourth time last week on charges of financial impropriety, says he is innocent and the victim of â[backstabbing](
Disney gets into the streaming business. Execs are expected to announce [the launch of Disney+]( putting all the entertainment giantâs catalogâwhich includes Star Wars and all the Marvel moviesâin one place. Disney-produced content will probably steadily disappear from Netflix and other platforms as a result.
While you were sleeping
Sudanâs leader reportedly stepped down. The three-decade rule of Sudanese strongman Omar al-Bashir [is over.]( The army is set to [make it official]( today and talks are underway to form a transitional council to run the country. Months of protests against Bashir began after an attempt to raise bread prices.
South Korea legalized abortion. [A South Korean court]( ended the countryâs 70-year old ban on abortion, ruling it unconstitutional. The current law only allows abortions in cases where the motherâs life is at risk, or if she was raped, and often require [permission from a womanâs spouse](. Lawmakers will be required to amend the law by the end of next year.
Voting began in the worldâs largest democratic contest. Narendra Modi [seeks another five-year term]( (membership) as prime minister of India, where almost 900 million people are eligible to vote. The election, which will last six weeks, is a test for both Modiâs Hindu nationalism, which some fear is [reshaping India for the worse]( and his [economic policies](. From a history of the quirky electoral symbols on the ballot, to how to talk about [a divisive election with kids]( check out [all of Quartz Indiaâs election coverage](.
Halloween Brexit became a thing. The European Union agreed to allow the UK to postpone its April 12 departure from the bloc (itself an extension from March 29) [until October 31](. British prime minister Theresa May had asked for a postponement to June 30. The October extension is flexibleâBritain can leave whenever itâs able to pass a withdrawal agreement thatâs also acceptable to the EU.
A Turkish court acquitted a senior banker for tweeting. Selim Kervanci, HSBCâs chief executive for Turkey, [was acquitted]( of insulting president Recep Tayyip Erdogan when he retweeted a satirical video back in 2013, during nationwide protests. Insulting the president is a crime punishable by up to four years in prison.
Quartz Obsession
Modern Monetary Theory: Itâs sometimes known as the âdeficits donât matterâ school of economic thought, and itâs almost certain to be a feature of the 2020 campaigns for US president. MMTâs claims are huge: The US government can spend almost whatever it likes by simply printing more money. [Read more here](.
Membership
Our week-long investigation of [the tech IPO boom]( continues: today, we consider how venture-backed consumer companies have created [a few winners and lots of losers]( and why Zoom may be [the true unicorn]( profitable tech startup. Meanwhile, Private Key ponders the implications of Chinaâs proposal to [ban bitcoin mining](.
Matters of debate
[Join the conversation with the new Quartz app!](
Employers could easily fix Americaâs retirement fund crisis. It would likely cost [less than $3 an hour per employee](.
Compulsory parental leave could be the key to gender parity on Wall Street. Male bankers [tend not to take time off]( when their babies are born.
Amazon should lead on combating climate change. Employees [argue]( the retail giant needs to stop helping the oil industry extract more fossil fuels.
Surprising discoveries
Abraham Maslow didnât create the hierarchy of needs. The famous pyramid ranking levels of human needs is [based on a misinterpretation]( of his ideas.
A small picture of a black hole requires an insane amount of data. A virtual telescope the size of the earth collected the equivalent of [5,000 years of MP3 music files]( that had to be flownâonline transfer wouldâve been too slowâto a central location to be analyzed and turned into a tiny image.
Climate change is making seasonal allergies worse. [Blame the combination]( of milder winters, earlier seasonal warming, and pollution for your sniffles and sneezes.
A suspected burglar turned out to be a trapped Roomba. Deputies responding to a 911 call from an Oregon woman found the shadowy figure in a locked bathroom was a little robot doing a â[very thorough vacuuming job](
Warner Brothers blocked Trump from using the Dark Knight soundtrack. The studio filed a copyright complaint after Trump [posted a campaign ad]( with music by Hans Zimmer.
Our best wishes for a productive day. Please send any news, comments, antihistamines, and innocent robots to hi@qz.com. Join the next chapter of Quartz by [downloading our app]( and [becoming a member](. Todayâs Daily Brief was written by Jenny Anderson and edited by Jason Karaian.
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