Oct 31, 2018

DCCC online fundraising breaks $100 million mark

Nancy Pelosi. Photo: Mark Wilson/Getty Images

The Democratic Congressional Campaign Committee broke the $100 million online fundraising mark on Tuesday, exactly one week ahead of the midterms, Politico reports.

Why it matters: The DCCC broke its previous online fundraising record, $75.27 million during the 2016 election cycle, in August. The committee has so far raised $250 million overall in 2018 with online donations accounting for nearly 40% of the total.

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Scoop: Amazon's local podcast play

Illustration: Sarah Grillo/Axios

Amazon is looking to invest in localized podcast content, like news and sports, sources tell Axios. Sports content is top of mind as the company plans to buy up more TV rights and have adjacent audio content for users.

Why it matters: Amazon sees a strategic advantage in podcasts by leveraging Alexa voice tech to help users discover personalized content.

The oil stakes of Trump vs. Biden

Reproduced from Rapidan Energy Group; Chart: Axios Visuals

U.S. oil production is in a steep decline, but one question is how much November's elections will affect how much it does — or doesn't — bounce back.

Why it matters: The powerful price and demand headwinds from the coronavirus pandemic are creating a financial crisis in the oil patch.

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