JUST IN: Mike Bloomberg is dropping out of the 2020 presidential race and endorsing former VP Joe Biden.
The billionaire entered the race for the Democratic nomination last fall, following weeks of teasing a potential bid.
Newly announced Democratic presidential candidate, former New York Mayor Michael Bloomberg speaks during a press conference to discuss his presidential run on November 25, 2019 in Norfolk, Virginia.Mike Bloomberg dropped out of the presidential race on Wednesday after a poor performance in the Super Tuesday primaries.
Following his campaign departure, Bloomberg endorsed rival and former Vice President Joe Biden. "I've always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday's vote, it is clear that candidate is my friend and a great American, Joe Biden," he said in the statement.
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