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Lead story of today's New York Times

In a deeply reported article on "How Trump's Billion-Dollar Campaign Lost Its Cash Advantage," the N.Y. Times' Shane Goldmacher and Maggie Haberman found some unusual spending by the Trump campaign.

Why it matters: Money concerns are very real for President Trump's campaign — an unusual predicament for a sitting president, and one that worries veteran Republican operatives.

Details:

  • "Super Bowl ads that cost $11 million."
  • "$156,000 for planes to pull aerial banners in recent months."
  • "Nearly $110,000 to Yondr, a company that makes magnetic pouches used to store cellphones during fundraisers so that donors could not secretly record Trump and leak his remarks."
  • "[M]ore than $1 million in ads aired in the Washington, D.C., media market," which the Times characterizes as a "Trump-pleasing expense."
  • "[A]bout $4 million into the Trump family businesses since 2019."
  • "Hershey Company, the chocolate-maker ($337,000), which cover costs for items such as the White House-branded M&Ms given away by administrations of both parties."
  • Former campaign manager Brad Parscale "had a car and driver, an unusual expense for a campaign manager."

Keep reading (subscription).

Go deeper

Nov 30, 2020 - Technology

Facebook's pre-election restrictions didn't dent political ad reach

Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Americans saw more political ads on Facebook in the week before the 2020 election than they did the prior week despite the company's blackout on new political ads during that period, according to Global Witness, a human rights group that espouses tech regulation.

Why it matters: The presidential election was a key stress test for Facebook and other leading online platforms looking to prove that they can curb misinformation. Critics contend measures like the new-ad blackout barely made a dent.

Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.
Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.