Good afternoon: Today's PM — edited by Justin Green — is 419 words, a 2 minute read.
Situational awareness: Planned Parenthood "removed its president after less than a year in the job, seeking new leadership at a time when abortion rights have come under increasing attack from statehouses and Republicans in Washington." [NYT]
There's no such thing as a "front-runner" until Iowa Democrats caucus in January, but it's increasingly clear that 5 campaigns have a structural advantage entering the fall.
The big picture: Bernie Sanders, Pete Buttigieg, Joe Biden, Elizabeth Warren and Kamala Harris have built campaigns that can raise piles of cash — which they can use to build donor lists to raise even bigger piles of cash.
Why it matters: The September debates require candidates to meet both a higher polling threshold and have twice as many donors as the first two rounds.
The bottom line: Expect the field of 20+ to winnow significantly in the next few months.
Go deeper: Keeping up with all this fundraising can be tough. Fortunately Axios' Harry Stevens built a nifty tool that automatically tracks fundraising totals.
Visitors look at Neil Armstrong's Apollo 11 spacesuit after it was unveiled for the first time in 13 years at the Smithsonian.
🚀Speaking of space: Future space explorers might be able to use a silica aerogel — a porous, extremely light solid material — to insulate greenhouses and other structures on Mars, Axios' Miriam Kramer notes.