Biden set to loose most from Bloomberg’s decision to contest US elections

Michael Bloomberg’s move to enter the Democratic presidential race could hurt the prospects of Joe Biden, as the former vice-president and early frontrunner struggles in the early voting states of Iowa and New Hampshire.

The Financial Times reports that the billionaire former mayor of New York City, has long contemplated entering the race. But he opted not to enter the fray earlier this year because Mr Biden, the best-known moderate in the field, appeared to have strong support based on polls, and his early fundraising had eased concerns about his financial viability in the race.

The report adds that while he would win some Democrats over his support for tackling climate change and gun control, many experts questioned if he could win the nomination when another old, moderate white man was struggling with a base fired up by the progressive agenda of Ms Warren and, in Iowa, Pete Buttigieg, the moderate mayor of South Bend, Indiana.

Via Financial Times