At the Spring Cocktail Party, Carly Fiorina and Bob Walker affirmed their support for Cruz and Kasich respectively. 

Credit: Julio Sosa

It's looking even more likely that a Wharton alumnus will clinch the Republican nomination for 2016.

On Tuesday, following a defeat by 1968 Wharton graduate Donald Trump in the Indiana primary, campaign manager for Sen. Ted Cruz (R-Texas) announced the senator will drop out of the race, Politico reported.

The loss in Indiana proved devastating after Cruz had signed a nonaggression pact with fellow candidate and Ohio Gov. John Kasich in a mutual effort to force a brokered convention. On Tuesday, however, Kasich pledged to stay in the race until the minimum number of bound delegates to take the nomination — 1,237 — is achieved by a single candidate, according to Politico.

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