Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision

of tech, business, and politics. Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Dan from Mack.

On today's show, unicorns keep stampeding on Wall Street and how the Avengers got hacked.

But first, breaking down the Democrats.

So today I'm taping from Beverly Hills, where I'm in town for the Milken Global Conference,

kind of the West Coast version of Davos, just with more focus on business and less on skiing.

And the most common complaint I've heard from CEOs and investors in the hallways is that they've

got no real handle on the

Democratic primary at this point, given that we now have at least 20 candidates in the race.

This complaint isn't so much because all of these people love Trump or hate Trump or want

them to win or want them to lose, so much as it is that they'd like to know what the terms of

the general political debate will be over the next 18 months, particularly on the

economy. For example, will there be a push to rescind or reduce the corporate tax cut? Where's Medicare

for all? Will employers still be on the hook for health insurance? Maybe not. Stronger antitrust

regulations, both for tech and other industries, or maybe greater regulation on energy extraction

technologies like fracking, maybe even a carbon tax,

or again, a wealth tax, which Elizabeth Warren is championed to reduce economic inequality.

These are all things that have been talked about, but with so many people running,

it's still very hard to figure out what takes hold and what gets forgotten.

That matters, because not only might it be what a Democratic

president would push for, but some of them are also things that could get co-opted by President

Trump in a sort of populist move. There is never certainty this early in a presidential

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