Elizabeth Warren in Las Vegas for the Giffords/March for Our Lives forum. Photo: Ethan Miller/Getty Images

Elizabeth Warren's campaign said on Friday that it raised $24.6 million in the third quarter of 2019, putting her just behind Bernie Sanders for this quarter's fundraising among 2020 Democrats.

Why it matters: Warren swore off "big money fundraisers" at the start of this cycle, but she's managed to rake in a massive amount of money from grassroots, small-dollar donors.

By the numbers:

  • The average contribution to her campaign was $26.
  • More than 300,000 people donated to her for the first time in Q3, the campaign said.
  • And they've received just under 1 million donations so far this cycle (943,000).
  • The campaign also said it has $25.7 million in cash-on-hand.

What they're saying: "This means our grassroots movement is in an incredible position," the campaign said in a statement, "to double down on our investments in grassroots organizing."

The state of play: Sanders raised $25.3 million from 1.4 million donations — the most of any Democratic presidential candidate in Q3.

Where other Democratic candidates stand:

Go deeper: Trump campaign, RNC say they raised record-breaking $125 million in Q3

Go deeper

Updated 31 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
48 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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