9/14/2020, 6:21 PM (Source: TeleTrader)
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Billionaire Schultz endorses Biden for president

Billionaire and former Starbucks CEO Howard Schultz (pictured), who had considered a presidential bid, announced on Monday he is endorsing Joe Biden for president.

"While my exploration revealed that a run for office was not the best way for me to give back to a country that has given me so much, I continue to believe that our nation can live up to our ideals, and that we all must envision and fight for a new American future," Schultz said, adding he will vote for Biden and donate to the former vice president's campaign.

Last year, Schultz considered running as an independent candidate but later gave up on the idea, noting it was not the way to "best serve our country at this time." However, Schultz insisted at the time that the two-party system needs to be reformed.

Breaking the News / NP