Hedge fund billionaire Bill Ackman is leaning towards backing Donald Trump in the US election, according to a person briefed on his thinking, as some of Wall Street’s leading figures throw their weight behind the former president.
Ackman, who backed Trump’s Republican rivals, including Nikki Haley, in the party’s primary contest this year, is expected to make his endorsement on X, the Elon Musk-controlled social media platform in which he is a minority investor.
Ackman has previously donated money to Democrats, including Dean Phillips, who mounted a primary challenge to President Joe Biden this year.
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