Billionaire investor Bill Ackman endorses Trump in Presidential race

Billionaire investor Bill Ackman has endorsed former President Donald Trump in the upcoming US presidential race, where Trump is set to face President Joe Biden. This endorsement comes shortly after Trump was injured by a shot to the ear during a campaign rally."I am going to formally endorse @realDonaldTrump," Ackman announced on the social media platform X. "I assure you that I have made this decision carefully, rationally, and by relying on as much empirical data as possible."I am going to formally endorse @realDonaldTrump. I came to this decision some time ago as many @X followers have already understood from my supportive posts of Trump and my criticisms of @POTUS Biden. The reason why I have not yet formally done so is that I want to explain my…— Bill Ackman (@BillAckman) July 14, 2024 Ackman's endorsement follows that of Tesla CEO Elon Musk, who expressed his support for Trump and wished him a swift recovery from the incident. Trump, who was hit in the upper right ear, is reported to be doing fine according to his campaign.This marks a significant shift for Ackman, who in 2021 called for Trump's resignation and apology to Americans following the January 6 Capitol attack. The CEO and portfolio manager of Pershing Square Capital Management recently spent a few hours with Trump but did not elaborate on his reasons for endorsing him, stating that a more detailed explanation would require a longer post, which he has not yet written.Ackman briefly referenced the shooting incident in a later post, acknowledging, "We are in the midst of a perilous moment for our democracy." He also mentioned that his decision to endorse Trump had been made some time ago, with his X followers likely deducing this from his supportive posts of Trump and his criticisms of Biden. Ackman has 1.3 million followers on the platform.Reports from May indicated that Ackman had been considering endorsing Trump, with plans to announce his support via X, Reuters, and other media outlets.(With Reuters inputs)

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Billionaire investor Bill Ackman endorses Trump in Presidential race

"I am going to formally endorse @realDonaldTrump," Ackman announced on the social media platform X.

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