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Donald Trump Jr., President Trump and Ivanka Trump during "The Apprentice" Season 6 Finale at The Hollywood Bowl at Hollywood Bowl in Hollywood, California. Photo: Mathew Imaging/FilmMagic

President Trump made more than $427 million from "The Apprentice" and licensing deals related to the long-running NBC reality-TV show, the New York Times alleges in its latest report on his tax returns.

Why it matters: The show that ended in 2017 saw Trump become a household name as a real estate mogul, enhancing his political profile. He invested tens of millions in businesses, largely golf courses, during his time on "The Apprentice," per the Times, which cited documents showing huge losses in the years leading up to his presidential candidacy. Trump has said the NYT reporting is "fake news."

Go deeper: Key findings from NYT report on Trump's taxes

Editor's note: NBC is an investor in Axios and Andy Lack, chairman of NBC News and MSNBC, is a member of the Axios board of directors.

Go deeper

Oct 16, 2020 - Politics & Policy

ABC's Biden town hall draws more viewers than NBC's Trump event

Getty Images

ABC's live town hall event with Joe Biden Thursday night drew 14.1 million viewers, surpassing the final Nielsen ratings for NBC's town hall with President Trump, which was aired across NBC, MSNBC and CNBC and drew 13.5 million viewers in the same hour.

Why it matters: The president's lively hour-long town hall, moderated by Savannah Guthrie, was expected to trounce Biden's more calm, policy-focused hour and a half town hall event moderated by ABC's George Stephanopoulos.

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. Photo: CIRA/RAMMB

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest.

Why it matters: The atmospheric river, packing large amounts of moisture, was causing Northern California to whiplash from drought to flood, as it slowly moved south overnight. It's triggered widespread power outages, flooding and mudslides.

In photos: Drought-ravaged California lashed by major storm

Workers try to divert water into drains as rain pours down on Oct. 24 in Marin City, California. Photo: Justin Sullivan/Getty Images

A major storm system was pummeling Northern California and parts of the Pacific Northwest with heavy rains overnight.

The big picture: "Atmospheric river" storms, associated with a record-strong "bomb cyclone" offshore from the Pacific Northwest, have brought flooding and mudslides to parts of California that were razed by recent wildfires and in severe drought. It's also caused widespread power outages in California and Washington state.