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Nestlé USA has led a new $77 million funding round for New York-based Freshly, which sends weekly batches of prepared meals to customers who get to pick from a rotating selection of 30 dishes.

What it means: Big food conglomerates are paying attention to the recent food consumption trends. Unilever previously invested in meal-kit startup Sun Basket, while Campbell Soup Co. poured $10 million into one called Chef'd. Freshly also part of the growing health food craze, which big food companies have had to adjust to.

Synergies: Nestlé is expected to lend its expertise in food sourcing and R&D to Freshly, while receiving an look into Freshly's customer base and operations.

Deal details: As part of the deal Jeff Hamilton, president of Nestlé USA's Food Division, is joining Freshly's board of directors. Existing investors Highland Capital Partners, Insight Venture Partners, and White Star Capital also participated in the round.

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Updated 48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 18,178,736 — Total deaths: 691,111 — Total recoveries — 10,835,789Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 4,698,335 — Total deaths: 155,331 — Total recoveries: 1,468,689 — Total tests: 57,543,852Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Sports: 13 members of St. Louis Cardinals test positive, prompting MLB to cancel Tigers series — Former FDA chief says MLB outbreaks should be warning sign for schools.
  5. 1 🎥 thing: "Tenet" may be the first major film to get a global pandemic release.

Twitter faces FTC fine of up to $250 million over alleged privacy violations

Photo: Rafael Henrique/SOPA Images/LightRocket

The Federal Trade Commission has accused Twitter of using phone numbers and emails from its users to make targeted ads between 2013 and 2019, Twitter said in an SEC filing published Monday.

Why it matters: Twitter estimates that the FTC's draft complaint, which was sent a few days after its Q2 earnings report, could cost the company between $150 million and $250 million. The complaint is unrelated to the recent Twitter hack involving a bitcoin scam.

2 hours ago - World

Hollywood's international game of chicken

Illustration: Eniola Odetunde/Axios

If all goes to plan, Christopher Nolan's thrice-delayed "Tenet" will be the first blockbuster to receive a proper worldwide theatrical release amid the coronavirus pandemic at the end of this month.

Why it matters: It'll be playing a $200 million game of chicken, hoping to prove that people across the globe are still willing to trek to theaters to see a splashy new movie.