Photo: Steve Pope/Getty Images

Billionaire Democratic activist and donor Tom Steyer is preparing to jump into the presidential race as soon as this week, reversing his January decision to stay out, according to several reports.

Why it matters: A well-funded Steyer run would likely include a heavy focus on climate change, though it would be broader.

The billionaire former hedge fund manager has expanded the scope of his work in recent years and now focuses on pushing for Trump's impeachment.

Where it stands: The Atlantic first reported the plan late Sunday night and cautioned that nothing with Steyer is definite until it's definite.

Behind the scenes: Per The Atlantic, Steyer is "frustrated" that Washington Gov. Jay Inslee's climate-focused campaign has not gotten more traction. He's around 1% in the polls.

But, but, but: The political opening for a relatively late-starting Steyer bid is quite uncertain.

  • And on the climate front in particular, it's not clear that emphasizing the topic would bring dividends to Steyer's bid.
  • Look what's happening with Inslee. He's certainly made the topic more prominent in the 2020 race — including his push for a climate-focused primary debate that's now supported by many candidates.
  • But Inslee himself has not been moving up in the polls, at least not yet.

Editor's note: This post was corrected to reflect that Tom Steyer is a former hedge fund manager.

Go deeper

Updated 21 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand Prime Minister Jacinda Ardern said it's too early to say whether next month's elections will be postponed after she announced Tuesday four people had tested positive for COVID-19 after no local cases for 102 days.

Zoom in: NZ's most populous city, Auckland, has gone on lockdown for 72 hours and the rest of the country is under lesser restrictions.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 20,188,678 — Total deaths: 738,668 — Total recoveries: 12,452,126Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 5,138,850 — Total deaths: 164,480 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten scraps fall football season.

Voters cast ballots in Minnesota, Georgia, Connecticut, Wisconsin and Vermont

Photo: Spencer Platt/Getty Images

Primary elections are being held on Tuesday in Minnesota, Georgia, Connecticut, Vermont and Wisconsin.

The big picture: Georgia and Wisconsin both struggled to hold primaries during the coronavirus pandemic, but are doing so again — testing their voting systems ahead of the general election. Rep. Ilhan Omar (D-Minn.) is facing a strong challenger as she fights for her political career. In Georgia, a Republican primary runoff pits a QAnon supporter against a hardline conservative.