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The Biden Coalition, a super PAC linked to the current president, has secured new pledges of $150 million from big Democratic donors after President Joe Biden announced his withdrawal from the race.
Michael Moritz, a major Democratic donor, has urged Biden to withdraw.
State Street believes there could be a "short-term negative reaction" to the dollar if Biden pulls out of the US Presidential Election and traders cut back on trading related to Donald Trump's victory. Noel Dixon, a macro strategist at State Street, believes Biden's exit will make competition more intense and cause market volatility. "It's basically a Trump win now". The "Trump trade" has investors betting that his economic policies will only reignite inflation, thus...
On July 18, the White House said that President Biden tested positive for the novel coronavirus and is currently showing mild symptoms. Biden has been treated with the novel coronavirus drug Paxlovid. He will return to Delaware for self-isolation and continue to perform his duties.
On July 18th, according to ABC News, US Senate Majority Leader Schumer said in a meeting with Biden on Saturday that it would be better for the country if Biden ended his re-election campaign. Earlier, other media reported that Schumer privately signaled to top Democratic gifters that he is willing to accept Democratic presidential candidates other than Biden.
