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Democratic presidential candidate Mike Bloomberg waves to supporters as he arrives to his campaign rally at the Palm Beach County Convention Center in West Palm Beach, Fla., Tuesday, March 3, 2020. (Matias J. Ocner/Miami Herald via AP)

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Bloomberg drops out of presidential race, endorses Biden
March 4, 2020 8:02 a.m.

Bloomberg drops out of presidential race, endorses Biden

NEW YORK (AP) — 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, who had his 2020 hopes on the Super Tuesday states and pumped more than $500 million of his own fortune into the campaign.