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.
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The Biden campaign announced two new policies on Thursday on health care and student debt that are squarely aimed at appealing to supporters of Bernie Sanders, who ended his campaign for the Democratic nomination on Wednesday.
Why it matters: The policies don't go as far as Sanders' platform, but they signal that Biden is serious about incorporating elements of his former rival's agenda in an effort to help unify the Democratic Party and defeat President Trump in the general election.
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OPEC+, led by mega-producers Saudi Arabia and Russia, reached a tentative agreement Thursday to impose large cuts in oil production as the coronavirus pandemic fuels an unprecedented collapse in demand, per Bloomberg and Reuters.
Why it matters: The revival of the OPEC+ collaboration patches up the early March rupture between the countries, which had pushed already depressed prices down much further by threatening to unleash even more new supplies into the saturated market.