Vice President Harris was called in and quickly became the clear front-runner for the Democratic nomination

After President Joe Biden announced his withdrawal from the race, Vice President Kamala Harris was "on call" and quickly emerged as the clear front-runner for the Democratic nomination.The "Trump deal" could come under pressure as the former president's victory now looks more uncertain than it did a week ago.Although several potential rivals quickly endorsed Ms Harris, who yesterday raised 50 milliondollarThis has allayed concerns about whether the Democratic Party has enough resources to run for election.

"While Harris is unpopular and we see her as a slight disadvantage to Trump, she has an opportunity to re-present herself to the American people and in a month's time she may look more politically threatening than she has in the last four years."foreign exchange trading platformThe analysts said.

As a result, the "Trump deal" - investments in assets expected to profit from a second term - could come under pressure as the former president's victory now looks more uncertain than it did a week ago.

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Shortly after announcing his withdrawal from the race, Mr. Biden endorsed Ms. Harris, who then secured the support of Bill and Hillary Clinton, House Black, Hispanic and Progressive caucus leaders and a number of potential nominating contenders, including Gavin Newsom, the governor of California.

Meanwhile, other top Democrats such as Chuck Schumer, Hakeem Jeffries, Nancy Pelosi and Barack Obama have been notably silent. According to analysts, Schumer and Jeffries are likely to follow the lead of their members and may soon endorse Harris, while Pelosi and Obama are thought to support an open party convention where a stronger candidate than Harris could emerge.

As for the next step, delegates to the convention will decide on the nominee. Biden's delegates will be free agents at the convention and can vote for whomever they choose.

"As Biden representatives, they are likely to value Biden supporters and have a favorable impression of Harris," the analysts noted.

About 14 percent of Democratic delegates are superdelegates (party leaders) who can support anyone, though whether they can vote in the first round will depend on a ruling by DNC officials. A virtual vote before the Chicago convention that DNC officials have been considering now seems unlikely.

In a possible Trump-Harris matchup, analysts at Piper Sandler believe Trump has a slight advantage because of Harris' lower approval ratings. However, her approval rating is not as fixed as Trump's and could improve after a month of favorable media reports and strong convention speeches.

"Her performance in campaign speeches, interviews and potential debates will be key to her ability to convince voters that she is up to the job and will govern as a mainstream Democrat. If she can do that, she could match or even lead Trump," analysts at Piper Sandler concluded.