Photo: Preston Ehrler/SOPA Images/LightRocket/Getty Images

Sen. Bernie Sanders' 2020 presidential campaign said this week that it raised $25.3 million in Q3 from 1.4 million donations — with $33.7 million cash in hand.

The big picture: Sanders is the first 2020 candidate to reach 1 million individual donors, highlighting the power of grassroots donations that continue to propel him in the 2020 race. His campaign maintains a fundraising advantage thanks to the massive donor list Sanders built during his 2016 presidential run.

By the numbers: Sanders' numbers are up nearly $7 million from Q2, when he raised $18 million.

  • Sanders' campaign says the average donation was $18.07.
  • The campaign has raised $61.5 million since its February launch.

What to watch: Sanders was one of the first 2020 heavyweights to release his Q3 numbers.

  • It's the biggest quarter from a 2020 Democrat so far in the race, but he might not end up leading the pack — as his main progressive rival, Sen. Elizabeth Warren, is riding a wave of poll momentum.

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Updated 2 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 33,137,748 — Total deaths: 998,372 — Total recoveries: 22,952,164Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 7,116,456 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine. The long-term pain of the mental health pandemic
  5. World: India the second country after U.S. to hit 6 million cases
Dion Rabouin, author of Markets
18 mins ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

Expand chart
Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.

Fortune 100 companies commit $3.3 billion to fight racism and inequality

Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

Big businesses continue to push funding toward fighting inequality and racism, with the 100 largest U.S. companies' monetary commitments rising to $3.33 billion since the death of George Floyd at the hands of Minneapolis police earlier this year, according to an Axios analysis.

Why it matters: The continued pace of funding commitments shows that months after Floyd's death there remains pressure for the wealthiest corporations to put their money behind social issues and efforts.

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