Mayor Pete Buttigieg. Photo: Jeremy Hogan/SOPA Images/LightRocket/Getty Images

Pete Buttigieg's 2020 campaign says it raised $19.1 million during the 2019's third quarter, down from its $24.8 million Q2 haul.

The state of play: While Buttigieg's third-quarter fundraising solidifies his place among the upper tier of 2020 candidates, he comes in behind Bernie Sanders, whose campaign says it raised $25.3 million over the same timeframe.

By the numbers: Buttigieg's campaign said that it was backed by more than 580,000 donors who offered an average donation of $32.

  • His campaign has raised more than $51 million in total.

Go deeper: How Buttigieg is spending his Q2 fundraising haul

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Quibi says it's shutting down

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Quibi, the mobile-only video subscription streaming service, is shutting down, the company announced Wednesday. The company said the decision was made to preserve shareholder equity.

Why it matters: Quibi had struggled to hit its subscriber growth targets amid the global pandemic. The app launched six months ago.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Senate Democrats block vote on McConnell's targeted COVID relief bill McConnell urges White House not to strike stimulus deal before election.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: New York reports most COVID cases since MayStudies show drop in coronavirus death rate — The next wave is gaining steam.
  4. Education: Schools haven't become hotspots — San Francisco public schools likely won't reopen before the end of the year.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases.
3 hours ago - Podcasts

House antitrust chair talks USA vs. Google

The Justice Department filed a 63-page antitrust lawsuit against Google related to the tech giant's search and advertising business. This comes just weeks after the House subcommittee on antitrust issued its own scathing report on Google and other Big Tech companies, arguing they've become digital monopolies.

Axios Re:Cap talks with Rep. David Cicilline (D-R.I.), chair of the subcommittee on antitrust, about Google, the DOJ's lawsuit and Congress' next move.