Luxury winter jacket maker Canada Goose raised around $255 million in its IPO today, and has begun trading on stock exchanges in both New York and Toronto. The most obvious winner here is Bain Capital, the private equity firm that acquired Canada Goose in April 2013, and has watched revenue and profit continue to climb.

But a less noticeable beneficiary are a pair of charities that were gifted Canada Goose shares from Bain Capital partners and employees: Fidelity Investments Charitable Gift Fund (1.9m shares) and the Combined Jewish Philanthropies of Greater Boston (454,000 shares).

The nonprofits each sold all of their stock at the IPO price, netting more than $30 million in total.

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Updated 19 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 20,724,799 — Total deaths: 751,399— Total recoveries: 12,873,188Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,234,800 — Total deaths: 166,750 — Total recoveries: 1,755,225 — Total tests: 63,731,305Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Cases are falling, but don't get too comfortable.

Axios-SurveyMonkey poll: Harris boosting Biden ticket with key voters

Data: SurveyMonkey poll of 2,847 U.S. adults conducted Aug. 11–12, 2020 with ±3% margin of error; Chart: Naema Ahmed/Axios

Kamala Harris is accomplishing what Joe Biden's campaign hoped she would in her first two days as his running mate — doing no harm, while exciting parts of the base with whom Biden needs the most help.

The big picture: Black women especially, but also Black men, Hispanics and Democrats and independents across the board say they are more likely to vote for Biden with Harris on the ticket, according to a new Axios-SurveyMonkey poll.

51 mins ago - Technology

Epic sues Apple over developer tax as Fortnite is pulled from App Store

Illustration: Sarah Grillo/Axios

Fortnite maker Epic Games on Thursday escalated its battle over Apple's App Store tactics, suing the tech giant over antitrust claims while also baiting Apple into dropping Fortnite from the App Store.

The big picture: Epic is just one of several developers clashing with Apple. They argue the company harms competition by taking a cut of up to 30% on in-app purchases and subscriptions and blocking most developers from getting around the tax by charging their users directly.