Bloomberg opts out of US presidential bid

Former New York Mayor Michael Bloomberg said on Monday he would not mount an independent bid for the US presidency because he feared it would increase the chances that Republicans Donald Trump or Ted Cruz could end up in the White House.

A billionaire media mogul who combined business-friendly fiscal policies with liberal views on gun control and other social issues, Bloomberg could have potentially appealed to centrist voters in a year when candidates from the far left and right of the political spectrum have gained traction. But Bloomberg,.....

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