On Sunday, Governor Ron DeSantis dropped his presidential bid and endorsed Donald Trump, citing a lack of a "clear path to victory" for his campaign. This decision leaves Trump with only one more significant Republican challenger, former United Nations Ambassador and former South Carolina Governor Nikki Haley.
Shares of Digital World Acquisition Corp, a blank-check firm, experienced an early surge in U.S. trading on Monday. The increase followed Florida Governor Ron DeSantis' weekend decision to suspend his presidential candidacy, strengthening Donald Trump's bid for the Republican nominee in this year's presidential election.
On Monday, shares of Rumble Inc (NASDAQ: RUM), a video-sharing platform popular among conservatives, experienced a significant surge. Additionally, Phunware (NASDAQ: PHUN), a software developer employed by Trump's 2020 presidential re-election campaign to build a phone app, also saw a notable rally.