Robert Smith captivated America in May 2019, pledging to pay off student debt for Morehouse College's graduating class. It was Smith's introduction to the national stage, after decades of private equity success that made him the richest Black American and a philanthropic force.
Axios Re:Cap focuses on Smith and recent reporting that he's under criminal investigation by the IRS, which could dent both his reputation and his political ambitions.
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German publishing giant Axel Springer has acquired Politico, according to a news release out Thursday.
Why it matters: The deal is valued at about $1 billion, per CNN, making it one of the most expensive media merger deals of late. Axel Springer also acquired the remaining 50% of the two companies' joint venture, Politico Europe, and the tech news website Protocol from publisher Robert Allbritton.
All the muscles of the Democratic Party are engaged in selling President Biden's COVID-19 relief bill just days after it was signed, with Democrats treating the $1.9 trillion package like a candidate.
Why it matters: The efforts underscore how closely Biden himself — and the broader Democratic machine — have tied the popularity of his first major piece of legislation to the success and ultimate survival of his presidency.
The election is just eight days away, and it’s not just the candidates whose futures are on the line. Political pollsters, four years after wrongly predicting a Hillary Clinton presidency, are viewing it as their own judgment day.
Axios Re:Cap digs into the polls, and what pollsters have changed since 2016, with former FiveThirtyEight writer and current CNN politics analyst Harry Enten.
