LOS ANGELES—Republican radio talk-show host Larry Elder announced on Jan. 4 that he will not run against Gov. Gavin Newsom for California governor this year. Though last September’s recall effort—rejected by about two-thirds of voters—failed to remove Newsom, Elder was supported by over 48 percent of the approximately 7.4 million voters who selected a replacement candidate, making him the most-voted candidate among 46 others in the race. “I ran for governor because I wanted to make a difference,” Elder said in a statement. “While I may not know what the future holds for me politically, our campaign’s ability to attract millions of votes and millions of dollars in a very short time demonstrates we have a message that resonates with Americans, and I believe we can put that to good use.” His recall campaign drew about $22.5 million within two months, which now goes to Elder for America, a political action committee he just …