Bloomberg, Wastes $500 Million and Quits Democratic Primary

Decision a Day After Super Tuesday Defeat... Former Vice President Biden's Endorsement
Trump Mocks via Tweet

[Image source=AP Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Former New York City Mayor Michael Bloomberg withdrew from the U.S. Democratic presidential primary on the 4th (local time).

After suffering a complete defeat in the Super Tuesday primaries held the previous day, former Mayor Bloomberg announced his withdrawal from the Democratic presidential race and declared his support for former Vice President Joe Biden.

Billionaire Bloomberg made his first appearance in the primaries through the 'Super Tuesday' contests held in 14 states, but after a near-total loss, he made a swift decision to suspend his campaign.

Despite giving up early primaries and pouring in as much as $500 million into advertising to focus on Super Tuesday, it was confirmed that he lacked competitiveness, leading him to acknowledge there was no reason to continue the race any longer.

President Donald Trump mocked Bloomberg's withdrawal on Twitter, saying, "'Mini' Mike wasted a tremendous amount of money and ended up supporting Biden."

Meanwhile, progressive Senator Elizabeth Warren is reportedly considering whether to continue her campaign after losing to Biden in her home state of Massachusetts.

If Warren withdraws, the U.S. Democratic presidential primary is expected to be a head-to-head contest between Super Tuesday winner Biden and progressive Senator Bernie Sanders.

This content was produced with the assistance of AI translation services.