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Democratic presidential nominee Joe Biden in Wilmington, Del., on Monday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings.

Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at the end of last month, as campaigning enters the final stretch ahead of Election Day on Nov. 3.

Of note: The latest cash-on-hand totals do not include funds from joint fundraising committees.

By the numbers: Trump's campaign, its committees and the RNC, gave the president $251.4 million going into October. Biden's campaign and its joint committees with the DNC had $432 million.

  • Biden's campaign spent almost $285 million last month, while Trump's paid out $139 million.

For the record: Biden announced last Wednesday his presidential campaign had raised a record $383 million in September, while Trump's re-election campaign and its joint fundraising committees raised $247.8 million for the month.

The bottom line: Per an emailed statement from Trump campaign spokesperson Samantha Zager, the president's 2016 Democratic rival Hillary Clinton "outspent us 2-to-1," but he still won the election.

Go deeper: The green tsunami

Editor's note: This article has been updated with new details throughout

Go deeper

Twitter troll charged with 2016 election interference

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

The Justice Department charged a pro-Trump former Twitter user with election interference for posts encouraging users to vote via text in the 2016 election.

Why it matters: The DOJ believes this is the first criminal case charging an American with suppressing the vote via disinformation on Twitter.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent. 

53 mins ago - Health
Axios Investigates

Documents reveal the secrecy of America's drug pricing matrix

Illustration: Aïda Amer/Axios

American businesses spend hundreds of billions of dollars a year on prescription drugs, and the bills keep getting bigger. But some of the companies promising to help rein in those costs prevent employers from looking under the hood.

Why it matters: Documents provided to Axios reveal a new layer of secrecy within the maze of American drug pricing — one in which firms that manage drug coverage for hundreds of employers, representing millions of workers, obscure the details of their work and make it difficult to figure out whether they're actually providing a good deal.