Following a disappointing showing in the Iowa caucuses, the initial event in the 2024 Republican presidential race, biotech entrepreneur Vivek Ramaswamy declared on Monday his withdrawal from the campaign.

At the age of 38, Ramaswamy threw his support behind his competitor, former President Donald Trump. Despite having previously hailed Trump as the "best president of the 21st century," Ramaswamy simultaneously urged Republican voters to consider "fresh legs" and to elevate the "America First agenda" to a new level.

The affluent political novice patterned his candidacy after Trump's campaign, positioning himself as a quick-witted, attention-grabbing populist who consistently provoked opponents.

Ramaswamy gave his endorsement to Trump as the former U.S. president endeavored to secure another term in the White House in November.

Ramaswamy conveyed that upon examining the situation from every perspective, it seemed evident that the desired surprise for the night had not been achieved. He announced the decision to suspend the presidential campaign, explaining that there was no feasible path for him to become the next president at this moment.

Addressing the audience on social media platform X, Ramaswamy emphasized that the essence of the entire campaign revolved around truth-telling. Acknowledging the unmet objective for the night, he expressed the necessity for an America-First patriot in the White House, noting that the people had unmistakably voiced their preference. Ramaswamy then declared the suspension of his campaign and extended his endorsement to Donald J. Trump, pledging to exert every effort to ensure Trump's success as the next U.S. President.

The biotech entrepreneur announced his intention to join Trump at a rally in New Hampshire on Tuesday evening. He reiterated his endorsement of Trump and conveyed his immense pride in the team, the movement, and the country.

Securing victory in the Iowa caucus is viewed as the initial stride in Donald Trump's pursuit of clinching the Republican nomination for a third consecutive election. Interestingly, Trump had faced defeat in the state eight years prior.