President Biden's announcement on Sunday that he will not accept the Democratic Party's nomination for the presidency in the 2024 election spurred quick reaction from several major business leaders and trade groups. "It has been the greatest honor of my life to serve as your President," Biden wrote.
Here's a look at how some prominent business figures have responded to President Biden's withdrawal as the Democratic Party nominee for the 2024 election. Billionaire entrepreneur Elon Musk, who publicly endorsed former President Trump after he survived an attempted assassination last week, said in a post on X that he will continue to support the Republican ticket despite Biden dropping out of the race.
Billionaire LinkedIn co-founder Reid Hoffman – a fierce critic of former President Trump and Democratic megadonor – wrote on X that Biden "is a leader who acts with the best interests of America in mind" and called his withdrawal from the election "one of the most selfless acts we've seen from a politician in modern American history.
Entrepreneur Mark Cuban, who has been a staunch critic of former President Trump, wrote in a post on X that "Father time is undefeated." Cuban recently expressed an openness to Democrats replacing Biden as the nominee after his debate performance. In March, Cuban told Bloomberg that if there was a Trump-Biden rematch and Biden was "being given last rites, I would still vote for Joe Biden.
Andrew Yang, an entrepreneur who sought the Democrat presidential nomination in 2020 and has since launched the Forward Party, wrote on X, "Remarkable leadership shown by Joe Biden. Now it falls to the DNC to show equal leadership by having an open process to determine the best candidate to take on Trump - Vance in November. The goal should be simple – to win." GET FOX BUSINESS ON THE GO BY CLICKING HERE The U.S.