Ted S. Warren/AP

Amazon CEO Jeff Bezos is now the world's richest man, Bloomberg reports. Overnight, Amazon shares increased 1.8%, while Microsoft dipped slightly. This would make Bezos the first to bump Gates from the top spot on Bloomberg's rankings, which he has held since 2013.

  • Bezos owns 79.9 million shares in the company, bringing his ownership to just around 17%. Amazon's quarterly revenue is expected to jump 22% from last year, nearing $37.2 billion, according to Bloomberg. Bezos' net worth has climbed by $24.5 billion in 2017.
  • The new top 5: Bezos, Gates, Amancio Ortega, Warren Buffett and Mark Zuckerberg.
  • Why it matters: This is another significant marker of Amazon's prominence and value as it continues to tap into a variety of markets and threaten smaller companies and chains.

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Updated 36 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

France reported more than 2,500 new COVID-19 cases in 24 hours — the largest single-day number since May. French officials said the situation was "clearly worsening," per France 24.

By the numbers: Over 745,600 people have died of the novel coronavirus globally and over 20.4 million have tested positive, per Johns Hopkins. Almost 12.7 million have recovered from the virus.

Biden campaign raises $26 million in 24 hours after announcing Harris as running mate

Joe Biden and Kamala Harris. Photo: Olivier Douliery/AFP via Getty Images

Joe Biden's campaign announced on Wednesday that it raised $26 million in the 24 hours after revealing Sen. Kamala Harris as his vice presidential pick.

Why it matters: The cash influx signals that Harris has helped the Democratic presidential campaign pick up steam. Nearly 150,000 contributors were first-time donors, according to the campaign statement.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 20,456,016 — Total deaths: 745,600— Total recoveries: 12,663,206Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 5,190,948 — Total deaths: 165,883 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America's two-sided COVID-19 response America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopenGallup: America's confidence in public school system jumps to highest level since 2004.