Clinton will concede Friday

I have no idea why she wants to wait until Friday, but it's better than August. And it's no surprise that the network of George Stephanopoulos broke the story.

Clinton Will Drop Out of Presidential Race
Barack Obama Captures Nomination After Intense Democratic Fight

It's over.

Sen. Hillary Clinton will drop out of the presidential race on Friday, ending her historic bid for the White House and ceding the Democratic nomination to Barack Obama, ABC News has learned.

CNN confirms it as well. Fundraising must not have gone so well last night. Ben Smith writes:

The Clinton drama has competed for attention, one last time, with the scope and meaning of Obama's win. Now, it's Obama's party, and he will finally have the spotlight to himself.