So after pressure from Democratic leaders and when presented with polling results that strongly suggests that he had no "path to victory", Joe Biden suspended his campaign and endorse his VP, Kamala Harris as the Democratic Candidate for President in the 2024 election.
Contrast this to Trump's attempt to cling onto power after the 2020 election, and claimed that the election was fraudulent, and that the Presidency was stolen from him, and instigating a mob to storm the Capital on Jan 6, 2021.
Biden addresses his decision to suspend his bid for re-election.