US President Joe Biden says he ended his re-election bid to unite his party and his country - "There's a time and a place for new voices, fresh voices and yes, younger voices," he says
In a rare televised address from the Oval Office, he says it's time to "pass the torch to a new generation" adding that "personal ambition" cannot get in the way of "saving our democracy"
Biden stepped aside as the Democratic candidate for November's election and endorsed his Vice-President Kamala Harris on Sunday, following weeks of pressure after his disastrous debate against Donald Trump
Meanwhile, Trump held his first rally since Biden dropped out and told supporters the president quit "because he was losing" in the polls
Key moments from Biden's primetime address
Trump is now focusing in on his new opponent, repeatedly attacking her as a "radical left lunatic".
He says that in November, the American people will tell Kamala Harris: "No thank you."
"You're fired!" Trump says, referencing his famous line from The Apprentice.
Supporters of Donald Trump and JD Vance are gathered in the stadium in North Carolina.
We'll bring you live updates throughout the evening.
Image source, Getty Images
Image source, Getty Images
Image source, Getty Images
Image source, Getty ImagesTrump is now speaking in North Carolina. You can watch live by clicking the button above.
He opens his rally talking about Joe Biden dropping out of the race.
He says the president "quit because he was losing" in the polls.
He also debuts a nickname for his new White House opponent, calling her "Lyin' Kamala Harris" and the "most incompetent... vice-president in American history".
"If you don't mind, I'm not going to be nice," he tells the crowd, who responds with cheers.
Caitlin Wilson
Reporting from Washington, DC
Welcome to our live coverage of Wednesday's developments in the US presidential race.
Donald Trump and JD Vance - the Ohio senator tapped as the former president's running mate - will speak to supporters in North Carolina shortly. The rally will see Trump's first speech since Joe Biden dropped out of the campaign.
Then, just hours later, Biden is set to address the nation from the Oval Office, explaining why he chose to abandon his bid for a second term in the White House.
The busy evening comes after an already busy day in Washington, where Israeli Prime Minister Benjamin Netanyahu addressed Congress while protesters gathered outside the capital. You can read more about that story here.
Stick with us.