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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.
Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
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America's Chinese communities struggle with online disinformation

Illustration: Annelise Capossela/Axios

Disinformation has proliferated on Chinese-language websites and platforms like WeChat that are popular with Chinese speakers in the U.S., just as it has on English-language websites.

Why it matters: There are fewer fact-checking sites and other sources of reliable information in Chinese, making it even harder to push back against disinformation.

Pennsylvania certifies Biden's victory

Photo: Aimee Dilger/SOPA Images/LightRocket via Getty Images

Pennsylvania officials on Tuesday certified the state's presidential election results, making President-elect Joe Biden's win in the key battleground official.

Why it matters: The move deals another blow to President Trump's failed efforts to block certification in key swing states that he lost to Biden. It also comes one day after officials voted to certify Biden's victory in Michigan.