Less than a year before the presidential election, someone new is entering the race. Even after candidates making traction like Beto O’Rourke and Kamala Harris have dropped out, another candidate is confident he can win your votes. Michael Bloomberg, former mayor of New York City, and the billionaire founder of Bloomberg L.P., is now a candidate that will be featured on your ballot next November.

As a Harvard Business School graduate, Bloomberg founded his financial software company in 1981 from a partnership settlement given to him by Salomon Brothers investment bank. Just months after 9/11, Bloomberg was elected mayor of New York City where he held office until the end of 2013. He did more to manage and control the 9/11 recovery efforts than Rudy Giuliani despite common perception that Giuliani was a large part of it because he was mayor at the time of the attacks. Although not a career politician like his democratic opponents, he has more government experience than President Donald Trump prior to his candidacy and a record of fulfilling democratic party ideals.

Bloomberg believes he is what is necessary to stop President Trump from winning reelection and that is one of the main reasons he is running. Despite having past business relations with President Trump prior to their political careers, Bloomberg believes President Trump is dangerous and a con man. Bloomberg’s policies are relatively progressive compared to Republicans, and even more so than candidates like Former Vice President Joe Biden, but not to the same degree as Senator Bernie Sanders or Senator Elizabeth Warren.

Areas like marriage equality, increased gun control and staunch opposition of the border wall are where he stands out from the average moderate and why he believes he is the ideal opponent for President Trump. However, he does not support the legalization of marijuana or universal healthcare. Bloomberg believes that replacing an employer-based healthcare system would be too expensive. Voters who want more socialized healthcare and education will likely not vote for Bloomberg when Sanders is on the ballot.

Bloomberg wants to reduce climate change and has made action towards it, however while praising China for its efforts at reversing its pollution, he made an implication that the leading body of China is representative of the people, despite the active political turmoil over China oppressing Uighur Muslims and the citizens of Hong Kong. The U.S. Senate agreed that the treatment of Hong Kong was unfair by the government of China and has prepared to take a stance on their rebellion. Bloomberg’s praise of China “listen[ing] to the public” is largely unfounded and is an unfair generalization based on their climate initiative.

Bloomberg is expected to take votes from Former Vice President Biden and South Bend Mayor Pete Buttigieg. He is a centrist with a few progressive inclinations, such as wanting to reverse climate change and establishing gun reform, but will likely not compete with the progressive votes going to Senator Sanders or Senator Warren. Many predicted that Biden would be a potential frontrunner for the democratic nomination, and Bloomberg will definitely change how the primaries and maybe even general election goes. If Biden loses votes to Bloomberg it would be easier for a more progressive candidate to receive the most votes and move on to the general election.

Bloomberg is a moderate democrat entering the race late, but he still has lots of time to change the course of this election. The projected front runners are less assured of a position in the general election, and whether or not Bloomberg makes it there, this is an important shift in the course of the democratic nomination.