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Photo: Mandel Ngan/AFP via Getty Images

The Lincoln Project, a group of anti-Trump Republicans that has produced a number of the election cycle's most viral political attack ads, raised $39.4 million from July through September, according to Federal Election Commission records filed Wednesday.

Why it matters: The group run by Republicans and ex-Republicans has been growing its fundraising exponentially, shattering the $16.8 million record it set in the second quarter of 2020. It has since won over many more Democratic donors with deep pockets, while still receiving a large percentage of its total fundraising from donations under $200.

By the numbers: The Lincoln Project's Q3 haul is more than double the $19 million that the group raised in the previous six months.

  • The group finished its first quarter with $1.9 million with early support from Walmart heir Christy Walton and Silicon Valley executive Ron Conway, records show. 
  • According to CNN, the Lincoln Project's largest Democratic donor in its second quarter was hedge fund manager Stephen Mandel, who donated $1 million to the group.

Go deeper

It's still Trump's party

Data: Axios research, ProPublica. (Non-voting members excluded). Graphic: Michelle McGhee and Sara Wise/Axios

He lied about the election being fixed. He incited an attack that left five dead at the U.S Capitol. He got impeached. Twice. But polling indicates Republicans still have his back — and views — by vast majorities.

Why it matters: Anyone who thinks Trump is a politically dead man walking appears pointedly dead wrong.

Austria approves COVID vaccine mandate for adults

A vaccination center installed at the Barbara Chapel of St Stephen's Cathedral in Vienna, Austria. Photo: Alex Halada/AFP via Getty Images

Austria's lower house of parliament voted on Thursday in favor of making COVID-19 vaccinations compulsory for most adults from next month.

Why it matters: The bill is expected to soon pass the upper house and be signed by President Alexander Van der Bellen in order for the law to take effect Feb. 1, per Reuters. It'd make Austria the first EU nation to impose such a sweeping mandate.

Hope King, author of Closer
Updated 6 hours ago - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.