Bill Ackman warns political chaos around Biden is an invitation for rivals to exploit U.S. weakness
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Bill Ackman, CEO of Pershing Square Capital, criticizes President Biden's withdrawal from the presidential race and warns of potential exploitation by rivals; President Biden announced his withdrawal and endorsed Vice President Kamala Harris as his successor on his personal X profile; Ackman criticizes the decision to post the announcement on a social media site instead of traditional media channels; Ackman suggests that rival world powers could take advantage of the political upheaval in the U.S.; Geopolitical tensions, including the situation in Ukraine and the Middle East, are a concern for Wall Street veterans; Tensions around Taiwan have been increasing, with former President Donald Trump making statements about the territory; Taiwan is seen as politically distinct from China, but China views it as part of its territory; President Biden has not yet addressed the nation; Other articles related to Biden's withdrawal and its impact on the Democratic Party and world leaders' reactions.
#BillAckman #PresidentBiden #KamalaHarris #China #Taiwan #GeopoliticalTensions #DemocraticParty #WorldLeaders
https://fortune.com/2024/07/22/bill-ackman-president-biden-election-china-taiwan/
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