Democratic Donors Urge Biden to Withdraw! Biden-Related Stocks May Plummet
US President Biden is facing pressure from wealthy donors, including the Disney family's Abigail Disney. They stated that funding for the Democratic Party will be interrupted unless Biden withdraws from the campaign.
US President Biden is facing pressure from wealthy donors, including the Disney family's Abigail Disney. They stated that funding for the Democratic Party will be interrupted unless Biden withdraws from the campaign.
Abigail Disney emphasized that she will stop donating to the Democratic Party until Biden withdraws. She believes that Biden's withdrawal is crucial for the Democratic Party's victory and is concerned that if there is no replacement, the Democratic Party may fail.
Biden's poor performance in the debate with former President Trump caused panic within the Democratic Party. Texas Congressman Lloyd Doggett called on Biden to withdraw from the election, stating that he could not overcome the gap in the polls. The latest poll shows that Biden is 6% behind Trump.
Abigail Disney believes that Vice President He Jinli is a better alternative and can defeat Trump.
In addition, Moriah Fund President Gideon Stein has also stated that the planned $3.5 million donation will be suspended until Biden withdraws. Philanthropist Karla Jurvetson also expressed support for suspending donations until Biden steps down during a private donor conference call. She is one of the top 50 donors to the United States during this election season, having donated over $5 million to the Democratic Party.
In terms of the current election situation and polls, Trump has a high probability of winning the election. Now Biden is facing enormous pressure to withdraw from the election. If Biden ultimately announces his withdrawal, it may lead to a serious decline in Biden's concept stocks, including renewable energy, electric vehicles, infrastructure, healthcare, and high-tech industries. Trump concept stocks are expected to benefit from this, including finance, national defense, manufacturing, construction, agriculture and other industries.
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