The firm's unofficial mascot "Mr. Stone" holding Oatly. Source: The Blackstone Group holiday video.

Oatly, a Swedish oat milk company, raised $200 million in growth equity funding led by The Blackstone Group at around a $2 billion valuation.

Why it matters: Alt-milk predated alt-meat, and now seems poised to follow it into the public markets.

  • Other investors include Howard Schultz, Oprah Winfrey, Roc Nation, Natalie Portman, Orkila Capital, and Rabo Corporate Investments.

Flashback: Califia Farms, a Los Angeles-based almond and oat milk producer, raised $225 million earlier this year led by Qatar Investment Authority.

The bottom line: "Founded in the 1990s, Oatly entered the U.S. four years ago. The company’s 2019 sales of about $200 million were roughly double the previous year. It expects to have similar growth this year, according to people familiar with the matter. Oatly has been profitable in the past but lost money in recent years as it invested in its business." — The Wall Street Journal

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Ohio Gov. Mike DeWine tests positive for coronavirus ahead of Trump visit

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine (R) has tested positive for COVID-19 and plans to quarantine at his home for the next 14 days, his office announced Thursday. He currently has no symptoms.

Why it matters: The 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol. He is the second governor known to have contracted the coronavirus, after Oklahoma Gov. Kevin Stitt (R).

Updated 25 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 18,860,908 — Total deaths: 708,676— Total recoveries — 11,394,821Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 4,834,546 — Total deaths: 158,445 — Total recoveries: 1,577,851 — Total tests: 58,920,975Map.
  3. Politics: Pelosi rips GOP: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Fauci says task force will examine aerosolized spread.
  5. Business: July's jobs report could be an inflection point for the recovery — Teladoc and Livongo merge into virtual care giant.
  6. Sports: Where college football's biggest conferences stand on playing.

NOAA warns of potential for "extremely active" Atlantic hurricane season

Hurricane Isaias makes landfall in Garden City, South Carolina. (Photo by Sean Rayford/Getty Images)

National Oceanic and Atmospheric Administration forecasters warned Thursday of the potential for an "extremely active" hurricane season in the Atlantic.

The big picture: The agency expects 19 to 25 named storms — with three to six major hurricanes — during the six-month hurricane season, which ends Nov. 30. The average season produces only 12 named storms.