Mike Bloomberg speaks at Hardywood Park Craft Brewery in Richmond, Va., on Saturday. Photo: James H. Wallace/Richmond Times-Dispatch via AP

Money alone can’t buy a presidential election, but it surely gets you VIP access.

Why it matters: Billionaire Michael Bloomberg is duking it out with Billionaire Donald Trump, often on Billionaire Jack Dorsey’s Twitter and in ads on Billionaire Mark Zuckerberg’s Facebook, all chronicled in Billionaire Jeff Bezos’ Washington Post. 

In this race, billions aren't just buying admission — they're buying results:

  • Bloomberg's TV blitz ($318 million, per FiveThirtyEight) has pushed him from nowhere to the top tier of national polls, alongside Bernie Sanders and Joe Biden, and helped make him the talk of the post-New Hampshire race.
  • Billionaire Tom Steyer bought himself relevance ($137 million in TV ads), and a respectable showing in polls — with the chance for a strong showing in the South Carolina primary on Feb. 29.

And the whole ecosystem is a billionaire's ball:

  • 60% of Republicans say they rely on Billionaire Rupert Murdoch's Fox News for political news.
  • Most people follow the race on iPhones or Androids — both made by companies worth more than $1 trillion.

What to watch: Sanders is the one candidate who could target every one of these billionaires.

  • Longtime Sanders adviser Jeff Weaver, when asked by CNN's Brooke Baldwin yesterday if the Vermont senator — as nominee — would accept the money Bloomberg has promised to help defeat Trump, replied: "No."

So the 2020 race could easily be Bernie vs. The Billionaires.

  • Or, if Bloomberg wins: Battle of the Billionaires.

Go deeper

Trump's biggest targets on Facebook during coronavirus

Data: Bully Pulpit Interactive, Chart: Dani Alberti/Axios

Donald Trump has spent far more Facebook ad dollars targeting topics like "fake news" and "immigration" during the pandemic than any policy area, according to new data provided to Axios from political ad firm Bully Pulpit Interactive. Joe Biden has spent an overwhelming majority of his Facebook ads talking about the president and health care.

Why it matters: The president's re-election messaging hasn't shifted all that much during the pandemic, except that the president is focusing slightly more now on targeting the press than on immigration.

International sports streamer DAZN resumes talks about equity stake

Photo by Soeren Stache/picture alliance via Getty Images

DAZN is looking to raise money, the FT reports. The company was trying to raise $500 million last year, but according to a source familiar with the company's plans, those efforts were put on hold at the beginning of the pandemic.

Why it matters: The four-year-old international sports streamer was plotting a major international expansion prior to the pandemic, and was looking to use new funds to help secure high-end sports rights.

Updated May 27, 2020 - Politics & Policy

Trump accuses Twitter of interfering in 2020 election

President Trump speaks to the press as he departs the White House in Washington, D.C., on Thursday. Photo: Mandel Ngan/Getty Images

President Trump responded via tweets Tuesday evening to Twitter fact-checking him for the first time on his earlier unsubstantiated posts claiming mail-in ballots in November's election would be fraudulent.

What he's saying: "Twitter is now interfering in the 2020 Presidential Election. They are saying my statement on Mail-In Ballots, which will lead to massive corruption and fraud, is incorrect, based on fact-checking by Fake News CNN and the Amazon Washington Post," the president tweeted. "Twitter is completely stifling FREE SPEECH, and I, as President, will not allow it to happen!"