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Photo: Jeff Kowalsky/AFP via Getty Images

Mike Bloomberg’s 2020 campaign will open a field office in the U.S. Virgin Islands in the next few weeks, his campaign tells Axios.

Why it matters: It’s rare for a presidential campaign t0 open shop in an American territory, and the Virgin Islands aren't scheduled to hold their caucuses until June 6.

The big picture: The U.S. territory has 11 delegates up for grabs in 2020. 

  • This is further evidence of Bloomberg’s nontraditional campaign, focusing on delegate count rather than Iowa and other early states.
  • "Mike believes Americans in the territories are often overlooked and have an important voice and role to play in this election," said Dan Kanninen, Bloomberg's states director.
  • Bloomberg traveled to the Virgin Islands in 2017 as part of a major push to help hurricane recovery.

Go deeper: Michael Bloomberg on the issues, in under 500 words

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. (Photo: Alex Wong via Getty Images)

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration.