EghtesadOnline: Uber Technologies Inc. and Lyft Inc. reacted favorably to President-elect Donald Trump's decision to nominate Elaine Chao for U.S. Transportation Secretary, viewing her as an experienced regulator who has publicly supported their labor model.

EghtesadOnline: As Lyft Inc. was gauging interest from prospective acquirers, executives from Uber Technologies Inc. told investors in the past few weeks that the company wouldn't pay more than $2 billion to purchase its main U.S. ride-hailing competitor, said people familiar with the matter.

EghtesadOnline: Lyft Inc. is joining the self-driving car arms race in earnest. It’s all about leverage.

EghtesadOnline: Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States.

EghtesadOnline: Ride hailing company Lyft rebuffed acquisition interest from General Motors Co and will raise a new funding round instead, technology website The Information reported on Friday, citing two people familiar with the situation.