Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics.

I'm Dan Premack. On today's show, Dejaveu Fredel, and how Democrats and Republicans see the stock markets differently.

But first, the fight over Amazon HQ2. So Amazon made it official yesterday, announcing that its giant HQ2 project

will actually be split between the Long Island City neighborhood of Queens in New York City

and Arlington, Virginia, in a place that used to be called Crystal City, but now will be renamed

National Landing, apparently. And they'll also be a large operational center in Nashville,

Tennessee. So as you'd expect, a bunch of the losing cities are upset about it and trying to figure out where they went wrong. But we're also not seeing a huge course of Hallelujah from the winners, including in New York, where I'm broadcasting from today. Some of the worries are at the neighborhood level, with people freaked out about gentrification and higher housing prices, but some of its broader, wondering why a company

like Amazon, which had nearly $3 billion in profits last quarter alone, needed at least $1.8

billion in New York state and local incentives, particularly when Google recently signed

a massive real estate deal in the Chelsea neighborhood of Manhattan without asking for

or receiving a dime.

Now, the argument made by local officials, of course, is that Amazon will ultimately contribute far more than it'll take.

And to be fair, even though New York's paying way more per employee than is Virginia, there were richer offers elsewhere,

including just down the road in New Jersey and a bit further down the road in Pennsylvania.

But this isn't like a sporting event where the winner gets a big ticker tape parade.

It's more like a free agent signing, with lots of skepticism for if it's going to pay off

or simply increase ticket prices.

In 15 seconds, we'll go deeper on this with Alicia Glenn, New York City's deputy mayor for

housing and economic development,

who was integral to getting the deal done. But first, this.

Axios chief technology correspondent, Enah Freed, shares breaking news and analysis on the most consequential companies and players in tech, from the Valley to D.C.

Subscribe to get smarter faster at signup.axios.com. And now, back to the pro rata

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