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Morning Agenda: An Uber I.P.O.? It’ll Be Awhile.

Dara Khosrowshahi, Uber’s new leader, told employees on Wednesday that changes are coming to the ride-hailing company.Credit...Drew Angerer/Getty Images

Waiting for Uber to finally go public? You’ll have to wait a bit longer.

The company’s new chief executive, Dara Khosrowshahi, told employees on Wednesday at his first staff meeting that Uber should go public in the next 18 to 36 months. Such a timetable would mean an initial public offering in 2019 at the earliest.

That may annoy those who had hoped the ride-hailing giant would hit the stock market next year. But the company has been in talks to allow existing shareholders to sell to new investors, like SoftBank of Japan.

Among the new C.E.O.’s first pronouncements: Change is coming. “What got us here is not what’s going to get us to the next level,” he said.

He was introduced by his predecessor, Travis Kalanick, who was ousted in part because of a revolt by existing shareholders like the venture capital firm Benchmark.

But Mr. Kalanick had something to celebrate as well.

Judge Samuel Glasscock III of Delaware’s Court of Chancery ruled that a legal dispute between Mr. Kalanick and Benchmark be moved to arbitration for now. Benchmark’s lawyers had argued for trying the case in open court, but said the company was willing to arbitrate parts of its complaint.

President Trump, speaking in Missouri on Wednesday, made his long-awaited pitch for a sweeping tax overhaul. But it was still missing details.

The corporate tax rate would come down to 15 percent, from 35 percent, he promised. He also said he would eliminate “loopholes and complexity that primarily benefit the wealthiest Americans and special interests.”

“Lower taxes on American business means higher wages for American workers,” he said.

But economists don’t think it is quite that simple. They argue that corporate tax cuts would do relatively little to increase wages or create jobs. After all, big companies are already sitting on nearly $2 trillion in cash.

“Corporate profits are at record highs,” said Michael Linden, a fellow at the Roosevelt Institute. “Corporations are sitting on a vast amount of capital. Reducing their tax burden would have absolutely no effect on workers.”

Still, Mr. Trump used the opportunity to exult over the economy, which was growing at a pace of 3 percent. “I happen to be one who thinks it can go much higher,” he said. “There is no reason why we should not.”

Google’s power and influence is already under scrutiny. The departure of Barry Lynn from a liberal Washington think tank that has received money from the technology giant doesn’t help.

Here’s the timeline, according to The New York Times:

• Barry Lynn, a scholar at the New America Foundation, posted a statement praising the European Union shortly after it fined Google $2.7 billion in June.

• Eric E. Schmidt, the executive chairman of Google’s parent company, complained to the think tank’s president, Anne-Marie Slaughter. Google and Mr. Schmidt have given more than $21 million to the New America Foundation since its inception in 1999.

• Mr. Lynn’s statement disappeared for a few hours, and then was reposted.

• Days later, Ms. Slaughter told Mr. Lynn that he and his team should part ways with the think tank. She wrote in an email to the scholar that he was “imperiling the institution as a whole.”

Google denied playing a role in the split and said it supported a wide range of groups with which it doesn’t always agree.

Worth noting: Google spent $9.5 million on lobbying, more than almost any other American company, in the first half of this year.

A consortium led by Bain Capital has brought in Apple Inc. to help bolster its bid for Toshiba’s chip unit, Reuters and The Financial Times reported.

Toshiba had missed its self-imposed deadline to sell the prized chip unit. Proceeds from a sale would be used to bolster a balance sheet weighed down by losses from Westinghouse, Toshiba’s bankrupt nuclear business in the United States.

Without a deal soon, the beleaguered Toshiba would have to report negative net worth for a second year and could be delisted, according to Reuters. Time is also in short supply because the industry leader, Samsung, has been pouring money into its chip business to stay ahead.

Here’s how the Bain-led bid — valued at 2 trillion yen, or about $18.2 billion — breaks down:

• 1.1 trillion yen from Bain and the South Korean chip maker SK Hynix

• 400 billion yen from Apple, which wants to lessen its dependence on chips made by Samsung

• 600 billion yen from Japanese banks

• 200 billion yen from Toshiba

• The offer also invites state-backed investors to get involved after arbitration with Western Digital is settled.

But other competitors are still out there:

• A consortium led by Western Digital and including Kohlberg Kravis Roberts, which has bid about 1.9 trillion yen

• Foxconn of Taiwan is also said to be putting together a viable deal, according to The Financial Times

Follow Amie Tsang on Twitter @amietsang.

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