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According to the Biden campaign, the event brought in more than $25 million. That fund-raising haul further tips the scales in the money race between Donald J. Trump and Mr. Biden — a race that, so far, the Democrats have been winning. And when two candidates are as well known as Mr. Biden and Mr. Trump, there might be a limit to what money can buy. This week, we speak with the longtime Democratic donor Robert Wolf about the Radio City fund-raiser and why he has donated to Mr. Biden. And Shane Goldmacher, a national political correspondent for The New York Times, explains the vast financial gap between the candidates.
Persons: Biden, Barack Obama, Bill Clinton, Biden’s, Stephen Colbert, Mindy Kaling, Queen Latifah, Donald J, Trump, Biden —, hasn’t, Robert Wolf, Shane Goldmacher Organizations: Radio City Music Hall, Democratic, Radio City, Mr, The New York Times
The sale is part of a trend of large companies struggling to integrate direct-to-consumer brands. Dick's Sporting Goods is buying outdoor retailer Moosejaw from Walmart, the company announced Wednesday. Walmart purchased Moosejaw in 2017 for about $51 million to bolster its outdoor and e-commerce offerings. That same year, the retail giant purchased another direct-to-consumer company, the apparel brand Bonobos. Integrating direct-to-consumer brands is often a challenge for big companies.
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