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The Notre Dame's spire collapsed as the fire spread from the roof to other parts of the building. Photo: Chesnot/Getty Images

More than €900 million ($1.1 billion) has been donated toward the fundraising effort to rebuild the Notre Dame Cathedral after a fire ravaged the building's roof and spire, Presidential cultural heritage envoy Stephane Bern told broadcaster BFM Paris Tuesday morning.

Why it matters: French President Emmanuel Macron said on Tuesday he wants the cathedral rebuilt in five years. People from around the world expressed their solidarity within minutes of the tragic fire unfolding, and companies and foundations have stepped up to help stabilize and rebuild one of Paris' most iconic structures.

Significant donations so far:

  • Patrick Pouyanné, CEO of French oil giant Total: €100 million ($113 million)
  • LVMH Group and the family of CEO Bernard Arnault: €200 million ($226 million)
  • François-Henri Pinault, CEO of French luxury group Kering : €100 million ($113 million)
  • L’Oreal, the Bettencourt Meyers family and the Bettencourt Schueller Foundation: €200 million ($226 million)
  • Paris Mayor Anne Hidalgo: Asked the city for €50 million for the cathedral
  • French bank Agricole: €5 million ($5.6 million)
  • Consulting group Capgemini SE: €1 million ($1.13 million)
  • Investor Marc Ladreit de Lacharriere: €10 million ($11 million)
  • Construction tycoons Martin and Olivier Bouygues: €10 million ($11 million)
  • French Heritage Foundation: €1.6 million ($1.8 million)
  • Notre Dame University: €88,615 ($100,000)
  • Disney: €4.4 million ($5 million)
  • IBM: €1 million ($1.13 million)

What they're saying: The French prime minister said Wednesday that France will have an international architects’ competition aimed at "giving Notre Dame a spire adapted to techniques and challenges of our times," the AP reports.

Go deeper:

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.