Mike Bloomberg. Photo: Spencer Platt/Getty Images

Former New York City Mayor Mike Bloomberg spent more than $1 billion during his Democratic presidential campaign that lasted for 104 days — including $176 million in March, a filing to the Federal Election Commission Monday shows.

The big picture: Bloomberg won 55 delegates and one contest in the primary, in American Samoa, after paying out about $18 million per delegate. He spent over $580 million on advertising and a campaign operation of 2,400 staff in 43 states from his November launch to his campaign suspension in March. He paid $23.3 million in salary, fees, payroll taxes and fringe benefits. Some former staffers filed a lawsuit after he reneged on a vow to pay them through November, even if he weren't the nominee.

Go deeper: Letter from Planet Bloomberg

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Virtual school is another setback for struggling retail industry

Illustration: Annelise Capossela/Axios

A virtual school year will likely push retailers even closer to the brink.

Why it matters: Back-to-school season is the second-biggest revenue generating period for the retail sector, after the holidays. But retailers say typical shopping sprees will be smaller with students learning at home — another setback for their industry, which has seen a slew of store closures and bankruptcy filings since the pandemic hit.

47 mins ago - Health

The pandemic hasn't hampered the health care industry

Illustration: Rebecca Zisser/Axios

The economy has been tanking. Coronavirus infections and deaths have been rising. And the health care industry is as rich as ever.

The big picture: Second-quarter results are still pouring in, but so far, a vast majority of health care companies are reporting profits that many people assumed would not have been possible as the pandemic raged on.

Column / Harder Line

How climate and business woes are sinking a natural-gas project

Illustration: Annelise Capossela/Axios

The Trump administration recently touted its approval of America’s first terminal on the West Coast to export liquefied natural gas. There’s just one problem: it probably won’t be built.

Why it matters: The project in southern Oregon faces political and business hurdles serious enough that those who are following it say it will be shelved. Its problems embody the struggles facing a once-promising sector that's now struggling under the weight of the pandemic and more.