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President Joe Biden\u2019s announcement Sunday that he won\u2019t seek re-election<\/a> was another wild development in the campaign season, coming just a week after the attempted assassination<\/a> of Donald Trump.<\/p>\n The latest news quickly reverberated through Wall Street and the business community, days after top CEOs condemned political violence<\/a> and wished Trump a speedy recovery from his gunshot wound.<\/p>\n For his part, Trump was quick to react<\/a> on his Truth Social platform Sunday, saying \u201cCrooked Joe Biden was not fit to run for President, and is certainly not fit to serve \u2013 And never was!\u201d<\/p>\n Elon Musk<\/strong><\/p>\n The Tesla CEO endorsed Trump<\/a> just minutes after last week\u2019s shooting and offered an initial reaction to Sunday\u2019s news in a reply on X<\/a>. <\/p>\n \u201cI heard last week that he would resign at this exact time and date. It was widespread knowledge in DC. The real powers that be are discarding the old puppet in favor of one that has a better chance of fooling the public. They fear Trump because he is not a puppet.\u201d<\/p>\n Bill Ackman<\/strong><\/p>\n Like Musk, the CEO of Pershing Square indicated his support for Trump last weekend. Tweeting on Sunday<\/a>, he said \u201cIf\u00a0@KamalaHarris\u00a0is not the nominee, it would be an acknowledgement that she was never qualified to be vice president.\u00a0@KamalaHarris\u00a0will therefore be the nominee.\u201d<\/p>\n Mark Cuban<\/strong><\/p>\n The billionaire entrepreneur, Shark Tank<\/em> star, and minority owner of the Dallas Mavericks NBA team has been a steadfast supporter of Biden, even after his disastrous debate performance last month, when he looked old and frail. <\/p>\n On Sunday, he only tweeted<\/a>, \u201cFather time is undefeated.\u201d<\/p>\n Reed Hastings <\/strong><\/p>\n Netflix\u2019s cofounder and chairman posted on X<\/a> that \u201cDem\u00a0delegates need to\u00a0pick a swing state winner.\u201d<\/p>\n Reid Hoffman<\/strong><\/p>\n The LinkedIn<\/a> co-founder and donor to Biden\u2019s campaign hailed Biden\u2019s decision and expressed his support for Vice President Kamala Harris to take his place at the top of the ticket.<\/p>\n \u201cHarris\u2019s background and leadership growing the economy, fighting for bodily autonomy, and protecting our democracy uniquely position her to push back against Trump\u2019s extremism,\u201d wrote in a thread on X<\/a>.<\/p>\n Aaron Levie<\/strong><\/p>\n The CEO of Box<\/a>, a provider of cloud-based content management, said on X<\/a>: \u201cWow. Amazing leadership. Now let\u2019s go!\u201d<\/p>\n Vinod Khosla<\/strong><\/p>\n The billionaire Silicon Valley venture capitalist urged Democrats to have an open convention and pick a more moderate candidate who can beat Trump. <\/p>\n On X<\/a>, he also said Michigan Gov. Gretchen Whitmer and Pennsylvania Gov. Josh Shapiro \u201cwould be a great thing for America not held hostage between MAGA extremists and DEI extremism. Unique opportunity for a better moderate path. Every socially liberal, climate and fiscal voter should want it to balance our approach.\u201d<\/p>\n Gina Bolvin<\/strong><\/p>\n The president of Bolvin Wealth Management Group\u00a0said in a statement that \u201cBiden stepping down is a whole new level of political uncertainty. This may be the catalyst for market volatility that is overdue.\u201d\u00a0<\/p>\n Morris Pearl<\/strong><\/p>\n The former managing director at\u00a0BlackRock<\/a> and current chairman of\u00a0Patriotic Millionaires<\/a>, which advocates for a highly progressive tax system, a livable minimum wage, and equal political representation\u00a0to tackle inequality, praised Biden\u2019s move.<\/p>\n \u201cPresident Biden\u2019s decision to sacrifice his personal political ambitions in service to the American people will go down in history as an unrivaled act of selfless patriotism. By passing the baton to the next generation, Biden cements his legacy as a bulwark against the rising tide of authoritarianism, a fierce advocate for working people, and a fundamentally good man who put his country above all else,\u201d he said in a statement Sunday. <\/p>\n<\/div>\n\n