Overview

• Billionaire investor Bill Ackman has publicly called for President Joe Biden to step aside and not run for reelection in 2024, arguing that Biden is past his 'intellectual best.'
• Ackman, who has a history of donating to Democrats, expressed his openness to Republican candidates, mentioning Nikki Haley and Chris Christie as alternatives.
• Ackman expressed his admiration for Rep. Dean Phillips, a Democrat from Minnesota who is running a longshot challenge for the Democratic Party nomination.
• Other billionaire donors, like JPMorgan CEO Jamie Dimon, are also looking for alternatives to Biden and GOP frontrunner Donald Trump in 2024.
• Ackman suggested that he would consider running for office himself if the public wanted it.