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NYC strikes Uber deal: No cap on company during study

NYC strikes Uber deal: No cap on company during study

New York City and Uber have struck a deal on the eve of a City Council vote that could have placed a cap on the number of cars the ride-hailing company can have on the streets of the nation's largest city. Mayor Bill de Blasio's administration announced late Wednesday that Uber agreed to a four-month study on the impact of the cars on traffic and the environment. Under the deal, the city will not cap Uber's growth during those four months. The agreement contrasts sharply with the legislation the council was set to vote on Thursday, which called for a 1 percent cap on the San Francisco-based company's growth within New York City during a yearlong study. Uber has...

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