Ackman Likely to Endorse Trump After Once Urging He Resign (1)

Billionaire investor Bill Ackman is likely to support Donald Trump in November’s election, according to a person familiar with his thinking.

The Pershing Square Capital Management founder had been looking for alternatives to Trump and President Joe Biden. He backed Republicans including Nikki Haley in the primaries, and donated to Representative Dean Phillips, who mounted a longshot challenge on the Democratic side.

But Ackman is leaning toward Trump now that he’s the Republican candidate and Robert F. Kennedy Jr., an independent, is unlikely to win, said the person, who requested anonymity to discuss private conversations.

The potential endorsement ...