Bill Clark/CQ Roll Call

A week after President Trump endorsed Ron DeSantis for Florida governor via Twitter, a handful of billionaires have thrown their support behind the three-term Republican congressman, per Politico.

Why it matters: The monetary support DeSantis has received could prove instrumental in his race, because in a "state as big as Florida, where a week's worth of saturation TV during next year's general election could cost as much as $3 million, cash is king," per Politico.

Supporters include casino magnate Sheldon Adelson, hedge fund heiress Rebekah Mercer, investment tycoon Foster Friess, as well as other donors who have funded Trump's 2016 campaign and the conservative Koch brothers' network, per Politico.

The Trump effect: DeSantis reflects the shifting type of Republican candidate under Trump: he's a Fox News contributor, a member of the conservative House Freedom Caucus, a supporter of Trump's recent decision to make Jerusalem the home of the U.S. embassy in Israel, and he opposes Special Counsel Bob Mueller's Russia probe (even calling for it to end after just six months).

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic" — COVID-19 looms over White House Halloween celebrations.
  2. Health: Fauci says maybe we should mandate masks if people don't wear them — America was sick well before it ever got COVID-19U.S. reports over 80,000 new cases for 2nd straight day.
  3. World: Spain declares new state of emergency — Polish President Andrzej Duda tests positive for COVID-19.

Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

Felix Salmon, author of Capital
4 hours ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.