Photo: Lyft

Lyft has raised $600 million in new funding led by existing investor Fidelity at a valuation of $15.1 billion post-money, up from $11.7 billion at the previous round.

Why it matters: Though Uber and Lyft remain in tight competition in the U.S. ride-hailing market, Lyft has been touting steady gains over its much larger competitor.

More:

  • The round could expand to up to $1 billion, says Lyft, but it would want to have strategic investor come on board.
  • There is no secondary transaction as part of this round.
  • Lyft says it didn't raise the funds because it needs them, as it still has $3 billion in the bank.

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Biden and Trump point fingers over "buy American" proposals

Joe Biden at a campaign event in Wilmington, DE. Photo: Alex Wong/Getty Images

President Trump and Joe Biden are going back and forth over the former vice president's "buy American" economic proposal, which Trump claims Biden "plagiarized" from him.

Why it matters: Biden is directly challenging Trump and his "America First" agenda with the release of his latest plan, focused on economic recovery and re-investing in American manufacturing in the wake of the coronavirus pandemic.

2 hours ago - Technology

Amazon tells workers to delete TikTok from devices they use for work

Illustration: Aïda Amer/Axios

Amazon, citing security risks, told its employees Friday to uninstall social video app TikTok from any mobile devices they use to access their work email.

Why it matters: The move comes amid a broader backlash against TikTok, in part due to questions around possible ties to Beijing. TikTok is owned by Chinese tech firm ByteDance.

Delta CEO: Trump administration should issue mask mandate for air travel

Photo: Al Seib/Los Angeles Times via Getty Images

Delta CEO Ed Bastian on Friday told CNN that he believes the Trump administration should move to require the use of face masks during air travel amid a surge in coronavirus cases.

The big picture: Delta already requires passengers to wear masks during its flights, but Bastian says it can be difficult to enforce that directive if passengers refuse — and he's not sure if other airlines would be on board.