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Former Vice President Joe Biden and Sen. Kamala Harris hug during a March campaign rally in Detroit. Photo: Scott Olson/Getty Images

More than $10.8 million was donated in four hours after Sen. Kamala Harris was announced as presumptive Democratic presidential nominee Joe Biden's running mate Tuesday, the Democrats' main donation-processing platform ActBlue said, per the New York Times.

Why it matters: Biden is lagging behind in fundraising to President Trump, whose campaign and the Republican National Committee out-raised that of the Democrats' last month. But Biden's announcement triggered his campaign's "best fund-raising hour," his deputy digital director, Clarke Humphrey tweeted, adding it was the campaign's "best grassroots fundraising day ever." ActBlue took $2.3 million in donations during the same hours of 4pm to 8pm Monday, "suggesting a bump as large as $8.5 million" for Biden, the Times notes.

Go deeper: Political world reacts to Biden tapping Kamala Harris as running mate

Go deeper

Nov 17, 2020 - World

Biden speaks with Israeli leaders Netanyahu and Rivlin

Biden (L) with Netanyahu in 2010. Photo: Baz Ratner-Pool/Getty Images

President-elect Biden spoke on the phone today with Israeli Prime Minister Benjamin Netanyahu and Israeli President Reuven Rivlin as part of series of congratulatory phone calls with leaders around the world.

The big picture: The order in which these calls are returned by an incoming president is closely watched. Biden called Netanyahu and Rivlin after speaking with the leaders of nine other U.S. allies over the past few days.

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.