Businessman Tom Steyer , a Democrat, is running for governor in California , joining a crowded field of candidates in the race to replace Democratic Governor Newsom.

Newsweek reached out to Steyer’s campaign for comment via email.

Why It Matters

Newsom, viewed as a potential 2028 presidential candidate, cannot run again due to term limits, meaning the gubernatorial race is open for the first time since his 2018 election. A wave of Democrats , and a handful of Republicans, are running for the highly visible position, but polls have suggested a wide-open race at this point , with no candidate having yet carved out a clear advantage.

Steyer, who briefly ran for president in 2020 , is the latest prominent Democrat to throw his name in the ring. Steyer, a billionaire who do

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