Good morning. Vast sums of money are being ploughed into November’s midterms, with the billionaire Michael Bloomberg spending $80m to help Democratic candidates, and Donald Trump announcing he intends to spend $400m to aid Republican candidates, with $300m already disbursed.
Bloomberg made the contributions in September and October, particularly focused on Democrats running to flip the US House of Representatives. Democrats believe they are favored to take back the House, though they’ve acknowledged trailing Republicans in fundraising. Republicans are also being aided by the president’s ally Elon Musk, who has spent $366m so far.
