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Fortune

Eleanor Pringle

Bill Ackman warns political chaos around Biden is an invitation for rivals to exploit U.S. weakness

Bill Ackman Joe Biden Taiwan China Donald Trump Jamie Dimon Kamala Harris United States

Bill Ackman, chief executive officer of Pershing Square Capital (Credit: Patrick T. Fallon/Bloomberg - Getty Images)

The turmoil in the race for the White House has prompted billionaire investor Bill Ackman to fear for the world's geopolitical stability—namely, how China might exploit the upheaval.

On Sunday night, President Biden announced he would withdraw as the Democratic nominee in this year's presidential elections and endorsed Vice President Kamala Harris as his successor.

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