Levi Strauss jeans. Photo: Joe Raedle/Getty Images
Fashion mogul Levi Strauss filed for an initial public offering Tuesday, re-emerging as a public company since 1985, CNBC reports.
Details: In the San Francisco-based company's SEC filing, Levi plans to raise $100 million through the IPO. However, previous reports said the company could raise between $600 million and $800 million at a valuation of around $5 billion.
Illustration: Sarah Grillo/Axios
Fortnite maker Epic Games on Thursday escalated its battle over Apple's App Store tactics, suing the tech giant over antitrust claims while also baiting Apple into dropping Fortnite from the App Store.
The big picture: Epic is just one of several developers clashing with Apple. They argue the company harms competition by taking a cut of up to 30% on in-app purchases and subscriptions and blocking most developers from getting around the tax by charging their users directly.
Joe Biden called on governors to issue a three-month mandatory outdoor mask mandate on Thursday, telling reporters after receiving a coronavirus briefing that experts say it could save over 40,000 lives.
Why it matters: Biden was more aggressive and specific than he has been in previous calls to wear a mask, arguing that it will allow children to return to school sooner, businesses to reopen and help "get our country back on track."
Photo: Nicholas Kamm/AFP/Getty Images
Senate Majority Leader Mitch McConnell (R-Ky.) announced Thursday that the Senate will not hold any more votes until Sept. 8, though members will remain on 24-hour notice in case a coronavirus stimulus deal is reached.
Why it matters: With millions of Americans unemployed, the Trump administration and Democrats remain hopelessly deadlocked and unlikely to reach a deal any time soon.