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Scoop: Republican super PAC raised $92 million in September

The Senate Leadership Fund, a super PAC associated with Senate Majority Leader Mitch McConnell, raised more than twice as much this September as it did two years ago, according to a FEC filing that will go live Tuesday night.

By the numbers: The SLF raised $92 million in September, spent $105 million, and ended the month with $113 million cash on hand, as Republicans work to maintain their majority on Nov. 3.


  • That's compared to $37 million the PAC raised in September 2018.

Why it matters: In competitive races, Democratic Senate candidates trounced their Republicans opponents in the money race last quarter, with candidates like Jamie Harrison in South Carolina collecting more than $30 million that Sen. Lindsey Graham.

  • The cash infusion from the SLF, which can raise unlimited contributions, will help Republicans stay competitive and on the air in the final weeks of the campaign.
  • Both parties prefer "hard" dollars from individual campaign committees because they receive better ad rates from local TV stations.
  • "Soft" money from Super PACs generally has to pay a higher rate in the campaign's closing weeks.

Podcast: Behind the Faces of COVID

America yesterday lost 2,762 people to COVID-19, per the CDC, bringing the total pandemic toll to 272,525. That's more than the population of Des Moines, Iowa. Or Baton Rouge, Louisiana. Or Toledo, Ohio.

Axios Re:Cap speaks with Alex Goldstein, creator of the @FacesofCOVID Twitter account, about sharing the stories behind the statistics.

WSJ: Pfizer to ship half as many COVID vaccines this year, citing supply chain issues

Pfizer and BioNTech have halved their original estimate for how many coronavirus vaccines will be shipped globally by the end of this year, citing supply-chain issues, the Wall Street Journal reports.

Why it matters: The U.K. government has ordered 40 million doses of Pfizer-BioNTech's vaccine — enough to inoculate some 20 million people. The companies now expect to ship 50 million vaccines by the end of 2020, instead of 100 million, per WSJ.

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Warner Bros. to release all 2021 movies on HBO Max and in theaters at same time

In a move that will undoubtedly shape the future of cinema for years to come, Warner Bros. said Thursday that it will release its entire 2021 film slate on HBO Max, the streaming service owned by its parent AT&T, at the same time that the films debut in theaters.

Why it matters: It's the latest and most aggressive effort by a movie studio to get its titles in front of audiences at home during the pandemic. The move is a major blow to movie exhibitors, which are already struggling to survive the pandemic.

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Trump refuses to say whether he has confidence in Barr

President Trump declined to say on Thursday whether he still has confidence in Attorney General Bill Barr, after insisting that Barr "hasn't done anything" to investigate his unfounded claims of widespread voter fraud.

Why it matters: Trump has weighed firing Barr in recent days, seething about the attorney general's statement this week that the Justice Department has not uncovered evidence of widespread voter fraud that would change the outcome of the election.

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Biden taps Brian Deese to lead National Economic Council

President-elect Joe Biden announced Thursday that he has selected Brian Deese, a former Obama climate aide and head of sustainable investing at BlackRock, to serve as director of the National Economic Council.

Why it matters: The influential position does not require Senate confirmation, but Deese's time working for BlackRock, the world's largest asset manager and an investor in fossil fuels, has made him a target of criticism from progressives.

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How institutions that control vast wealth fall through U.S. regulatory cracks

Financial regulation is not exactly simple anywhere in the world. But one country stands out for the sheer amount of complexity and confusion in its regulatory regime — the U.S.

Why it matters: Important companies fall through the cracks, largely unregulated, while others contend with a vast array of regulatory bodies, none of which are remotely predictable.

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Trump nominee Christopher Waller confirmed to Fed board

The Senate voted 48-47 on Thursday to confirm Trump nominee Christopher Waller to the Federal Reserve Board of Governors — filling one of the two vacant slots on the influential economic body.

Why it matters: It's one of the last marks left on the Fed board by Trump, who has nominated five of its six members.

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Boeing gets huge 737 Max order from Ryanair, boosting hope for quick rebound

Dublin-based Ryanair said it would add 75 more planes to an existing order for Boeing's 737 Max airplanes, a giant vote of confidence as Boeing seeks to revive sales of its best-selling plane after a 20-month safety ban following two fatal crashes.

The big picture: Ryanair's big order, on the heels of breakthrough vaccine news, is also a promising sign that the devastated airline industry might recover from the global pandemic sooner than expected.

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