Illustration: Aïda Amer/Axios

Away, a luggage startup known for its "smart" suitcases, has raised between $30 million and $40 million in new funding, Axios has learned.

Why it matters: This could help bridge Away to the other side of the pandemic, which cut into the company's product sales by more than 90%.

Details: The round was structured as a convertible note, at a lower "cap" than the $1.45 billion valuation that Away received when it last raised funding in early 2019.

  • Investors were existing shareholders, including Baillie Gifford and Wellington Management.

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Biden campaign says it raised record-breaking $364.5 million in August

Joe Biden in West Mifflin, Pennsylvania, on Aug. 31. Photo: Saul Loeb/AFP via Getty Images

Joe Biden's campaign, the Democratic National Committee and their joint fundraising committees together raised $364.5 million in the month of August, his campaign announced Wednesday.

Why it matters: The total is believed to be the most ever raised by a presidential candidate in a single month, likely driven in part by Biden's announcement on Aug. 11 that he had tapped Sen. Kamala Harris to be his running mate, according to the New York Times.

Bill Clinton slams McConnell and Trump: "Their first value is power"

Former President Bill Clinton on Sunday called Senate Majority Leader Mitch McConnell's (R-Ky.) vow to fill Ruth Bader Ginsburg's vacant Supreme Court seat before the next presidential inauguration "superficially hypocritical."

The big picture: Clinton, who nominated Ginsburg to the court in 1993, declined to say whether he thinks Democrats should respond by adding more justices if they take back the Senate and the White House in November. Instead, he called on Republicans to "remember the example Abraham Lincoln set" by not confirming a justice in an election year.

Pelosi: Trump wants to "crush" ACA with Ginsburg replacement

House Speaker Nancy Pelosi said on ABC's "This Week" on Sunday that President Trump is rushing to replace the late Supreme Court Justice Ruth Bader Ginsburg because he "wants to crush the Affordable Care Act."

Why it matters: Pelosi wants to steer the conversation around the potential Ginsburg replacement to health care, which polls show is a top issue for voters, especially amid the coronavirus pandemic. The Trump administration has urged the courts to strike down the law, and with it, protections for millions with pre-existing conditions.