A potential decision by President Joe Biden to drop out of the presidential race could tap the breaks on a shift toward trades that are seen as plays on a Donald Trump victory. NBC News reported on Friday that Biden family members have talked about what a potential exit might look like, citing two people familiar with the discussions. That could be at least a temporary curveball to Wall Street, which has grown increasingly confident in a Trump return to the White House.
If Biden is replaced on the ticket, the Democratic Party would need to choose candidates for both president and vice president, and that likely wouldn't be determined until the party's convention in August.
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