Billionaire Mike Bloomberg ended his bid for the Democratic presidential nomination on Wednesday and endorsed former Vice-President Joe Biden. It was a stunning collapse for the former New York City mayor.
Bloomberg announced his departure from the race after a disappointing finish on Super Tuesday in the slate of states that account for almost one-third of the total delegates available in the Democratic nominating contest. He won only the territory of American Samoa, and picked up several dozen delegates elsewhere. Biden, meanwhile, won big in Southern states where Bloomberg had poured tens of millions of dollars and even cautiously hoped for a victory.
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