The FEC fined the Jeb Bush super for soliciting a contribution from a foreign national.

The Federal Election Commission fined a Jeb Bush super PAC and a Chinese company a record amount for breaking a federal law prohibiting foreign interference in elections, a settlement agreement that surfaced Monday shows.

Details: The Bush super PAC, Right to Rise, was fined $390,000 for soliciting a contribution from a foreign national; the American Pacific International Capital (APIC) was fined $550,000 for making the contribution. APIC said in a statement to Reuters news agency it is a U.S company and has voluntarily agreed to the FEC settlement. "The Commission expressly acknowledged that the company did not knowingly or willfully violate any U.S. campaign finance laws," APIC said. The FEC was acting on a 2016 complaint from the Campaign Legal Center asking for sanctions following a report by The Intercept that APIC had made $1.3 million in contributions to the super PAC.

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Trump issues order banning TikTok within 45 days

Illustration: Aïda Amer/Axios

Americans and U.S. companies will be banned from making transactions with ByteDance, the Chinese owner of TikTok, in 45 days, according to a new executive order President Trump issued Thursday evening.

The big picture: Last week Trump announced his intention to ban TikTok but said he'd leave a 45-day period for Microsoft or other U.S.-based suitors to try to close a deal to acquire the popular video-sharing app.

Bill Hagerty wins Republican Senate nomination in Tennessee primary

Former U.S. Ambassador to Japan Bill Hagerty speaking at CPAC in 2019. Photo: Mandel Ngan/AFP via Getty Images

Former U.S. Ambassador to Japan Bill Hagerty won the Tennessee Republican Senate primary on Thursday evening, beating out surgeon Manny Sethi for GOP Sen. Lamar Alexander's seat, who announced his retirement in late 2018, AP reports.

Why it matters: Though the race narrowed in July, Hagerty — who received President Trump's endorsement in 2019 — stuck close to the president's messaging and touted his Tennessee roots.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 7:30 p.m. ET: 18,982,658 — Total deaths: 712,266— Total recoveries — 11,477,642Map.
  2. U.S.: Total confirmed cases as of 7:30 p.m. ET: 4,873,747 — Total deaths: 159,931 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Pelosi rips GOP over stimulus negotiations: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Majority of Americans say states reopened too quicklyFauci says task force will examine aerosolized spread.
  5. Business: The health care sector imploded in Q2More farmers are declaring bankruptcyJuly's jobs report could be an inflection point for the recovery.
  6. Sports: Where college football's biggest conferences stand on playing.