2020 Democratic candidate Pete Buttigieg. Photo: Dustin Chambers/Getty Images

Pete Buttigieg's 2020 campaign raised $7 million in April, reports Politico.

Why it matters: The South Bend, Indiana mayor saw his national profile skyrocket in the first half of 2019, launching into the top tier of Democratic presidential hopefuls — and his fundraising numbers show that popularity surge is backed by a significant cash influx.

The big picture: 2020 Democratic frontrunner Joe Biden is also likely to have had a huge April. He raised $6.3 million during his first day in the race that month and has held a number of events and fundraisers with big-money donors since. And Sen. Bernie Sanders, who pulled in over $20 million in the first quarter after announcing in mid-February, will have had a full three months during the second quarter to solicit cash from his powerful mailing list.

What's next: The deadline to report fundraising numbers for the second quarter to the Federal Election Commission is June 30 — which will provide the next big public look at 2020 candidates' hauls.

Go deeper: Pete Buttigieg on the issues, in under 500 words

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Pac-12 football players threaten coronavirus opt-out

Illustration: Eniola Odetunde/Axios

A group of Pac-12 football players have threatened to opt out of the season unless the conference addresses systemic inequities and concerns related to the coronavirus pandemic.

Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

Betting on inflation is paying off big for investors

Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.

Scoop: Top CEOs urge Congress to help small businesses

Illustration: Eniola Odetunde/Axios

With a new coronavirus relief measure stalled in Congress, CEOs of some of the world's biggest companies have banded together to send a message to Washington: Get money to small businesses now!

Why it matters: "By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon," warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.