2024-07-22 05:00:43 ET
Following overwhelming pressure from senior Democrats, President Biden has abandoned his re-election bid in a hefty announcement that many saw coming. He has endorsed Vice President Kamala Harris to be the party's new presidential nominee, with a month to go before the DNC and only 100 days until the general election. State Democratic Party chairs have since thrown their weight behind her candidacy, though other prominent Democrats are calling for an open process to nominate a candidate (possible challengers?), while others will likely wait until she picks a running mate....
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Biden-Harris twist shouldn't have much impact on markets for now - TS Lombard