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Illustration: Aïda Amer/Axios

$2.3 million was recently stolen from a Wisconsin GOP account meant to aid President Trump's re-election campaign, Republican Party chairman Andrew Hitt told the AP on Thursday.

The big picture: Former Vice President Joe Biden is polling ahead in Wisconsin, which is a vital battle ground state in November's election. Although Trump won Wisconsin in 2016, Biden is currently favored to win the state in FiveThirtyEight's latest forecast.

What they're saying: "There's no doubt RPW is now at a disadvantage with that money being gone," Hitt told the AP, adding that the GOP needs funds to make quick decisions late in the race.

Catch up quick: The state's Republican Party first noticed suspicious activity last Thursday and has contacted the FBI, per AP. The hackers used a "sophisticated phishing attack," the Wisconsin GOP said in a statement.

  • Hackers manipulated invoices from four vendors who were sending direct mail for Trump’s reelection campaign, alongside merchandise like pro-Trump hats.
  • Hitt said that the invoices were altered so that hackers received the money instead of the vendors after the GOP paid up.
  • There is no evidence that the hackers acquired proprietary information, the party said in a statement.

Go deeper

Scoop: David Jolly eyes independent run for Florida governor

Jolly at a House Foreign Affairs subcommittee meeting in 2014. Photo: Tom Williams/CQ Roll Call via Getty Images

Former U.S. Rep. David Jolly is "strongly considering" a run for Florida governor in 2022 as an independent, a source close to him tells Axios.

Why it matters: Jolly, who repped Florida's 13th district as a Republican from 2014 to 2017 and publicly left the GOP in 2018, has built a brand on cable news as a critic of former President Trump and his allies in Congress.

Hope King, author of Closer
32 mins 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.

First look: Senators propose bill to ban corporate PACs

Sens. Jon Ossoff and Mark Kelly. Photos: Chip Somodevilla (left), Courtney Pedroza/Getty Images

Sens. Mark Kelly (D-Ariz.) and Jon Ossoff (D-Ga.) will soon propose a bill prohibiting for-profit corporations from establishing and managing political action committees, according to a copy of the legislation obtained by Axios.

Why it matters: The introduction of "The Ban Corporate PACs Act" comes amid heightened scrutiny on Capitol Hill regarding money in politics, including efforts to bar companies from influencing political campaigns and federal elections. It would likely face a court challenge and First Amendment concerns.