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GOP Donors Worth $85 Billion Say It’s Time to Move on From Trump

  • Blackstone’s Schwarzman will back ‘new generation’ over Trump
  • ‘We need a fresh face,’ Interactive Brokers’ Peterffy says
Stephen Schwarzman
Stephen SchwarzmanPhotographer: Jose Sarmento Matos/Bloomberg
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Republican mega-donors Stephen Schwarzman and Thomas Peterffy won’t be backing former President Donald Trump’s bid for a return to the White House, saying it’s time for the party to move on.

“America does better when its leaders are rooted in today and tomorrow, not today and yesterday,” Schwarzman, Blackstone Inc.’s chief executive officer, said in a statement. “It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries.”