Cory Booker. Photo: Joshua Lott/Getty Images

Sen. Cory Booker (D-N.J.) announced Monday that he is dropping out of the 2020 presidential race.

The big picture: Although Booker was seen as a rising star in Democratic politics, he struggled to shine in the 2020 race. In recent weeks, he focused his ire on the dwindling diversity in the Democratic field, saying in December that the race had "more billionaires than black people" after Kamala Harris' departure.

  • He also went head-to-head with frontrunner former Vice President Joe Biden in response to his comments on segregationist senators, and Biden's tendency to invoke President Obama as a political play.
  • Booker also confronted Biden over his continued opposition to legalizing recreational marijuana. He argued "marijuana in our country is already legal for privileged people" at the November debate.
  • Having failed to qualify for the December debate, Booker circulated a letter that month asking the Democratic National Committee to ease future debate standards. All seven candidates who did qualify for the December debate signed on.

Yes, but: Booker's past had vulnerabilities. In the 2014 election cycle, he was the top recipient of Wall Street money, and he's also seen as a friend of Silicon Valley and the the pharmaceutical industry.

The state of play, via Axios' Alexi McCammond: His decision comes just one day before the next Democratic debate, days before the start of President Trump's impeachment trial (where he'll serve as a juror) and three weeks before the Iowa caucuses.

What he's saying:

"I will be doing everything in my power to elect the eventual Democratic nominee for president, whomever that may be, and to elect great Democrats to the Senate and up and down the ballot. 2020 is the most important election of our lifetimes — we have to beat Donald Trump ... but beating Trump is the floor, not the ceiling."
— Cory Booker, via a campaign email to supporters

Watch his video:

What's next: Booker is up for re-election to his Senate seat in 2020.

  • One bright spot: a SurveyMonkey poll for Axios showed him as a potential presidential choice for 24% of Democrats in 2024 — behind only Pete Buttigieg and Kamala Harris.

Go deeper: 2020 presidential election: Track which candidates are running

Go deeper

Updated 6 mins ago - Politics & Policy

ActBlue collects a record $91 million in hours after Ginsburg's death

A makeshift memorial in honor of Justice Ruth Bader Ginsburg in front of the U.S. Supreme Court on Sept. 19. Photo: Samuel Corum/Getty Images

ActBlue received a record $91.4 million in the 28 hours following Supreme Court Justice Ruth Bader Ginsburg's death, the Democratic donation-processing site confirmed to Axios late Saturday.

Why it matters via the New York Times: "The unprecedented outpouring shows the power of a looming Supreme Court confirmation fight to motivate Democratic donors."

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 30,674,077 — Total deaths: 955,440— Total recoveries: 20,908,811Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 6,764,803 — Total deaths: 199,258 — Total recoveries: 2,577,446 — Total tests: 94,211,463Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: The dwindling chances of eliminating COVID-19.
  5. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.
Updated 6 hours ago - Technology

Trump agrees to TikTok deal

Illustration: Sarah Grillo/Axios

President Trump on Saturday said he approved "in concept" a deal whereby TikTok will be allowed to continue operating in the U.S., with Oracle as its "trusted technology partner."

Why it matters: TikTok has nearly 100 million U.S. users, and is still growing fast. Trump has threatened to ban it, due to data privacy concerns related to TikTok's ownership by Chinese tech company.