Bloomberg drops out, backs Biden in Democratic presidential race


  • World
  • Wednesday, 04 Mar 2020

Democratic U.S. presidential candidate Michael Bloomberg speaks at his Super Tuesday night rally in West Palm Beach, Florida, U.S., March 3, 2020. REUTERS/Marco Bello

(Reuters) - Billionaire former New York Mayor Michael Bloomberg ended his presidential campaign on Wednesday and said he was backing Joe Biden for the Democratic Party's nomination to challenge President Donald Trump in the November election.

"A viable path to the nomination no longer exists," Bloomberg said in a statement, having failed to deliver convincing wins in his electoral debut on Super Tuesday despite lavish spending on campaign ads across the United States.

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