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    U.S. Senate candidate Carly Fiorina concedes her defeat to Barbara Boxer during a small press conference at her campaign office in Irvine, Calif. on Wednesday, Nov. 3, 2010. Fiorina is a former CEO of Hewlett Packard. (Gary Reyes /Mercury News)

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Michelle Quinn, business columnist for the Bay Area News Group, is photographed for a Wordpress profile in Oakland, Calif., on Wednesday, July 27, 2016. (Anda Chu/Bay Area News Group)
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Carly v. Hillary?

It may happen in 2016.

Carly Fiorina, the former chief executive of Hewlett-Packard who lost her 2010 race for the U.S. Senate, may be exploring a run for president, reports U.S. News & World Report.

The speculation is based on a trip Fiorina made last week to New Hampshire, which holds its primary first. She was there to promote “Unlocking Potential,” or “UP” for short, her new political action committee that aims to engage women in the political process and boost their interest in Republican candidates, says the report.

This wasn’t her first trip to New Hampshire this year, and the report points out that among the states her political group has set up shop is Iowa, another early primary state.

Jim Merrill, an adviser to Mitt Romney’s 2012 New Hampshire campaign, told U.S. News:

I thought of it as a testing-the-waters exercise and she got a great response. It was very clear to me she’s someone taking the temperature of New Hampshire.

Fiorina has never retreated from politics. She has been vice chairwoman of the National Republican Senatorial Committee. She is a regular on political talk shows. More recently, she has been pushing back on the Democratic campaign that the Republicans are engaging in “a war against women,” as CNN reported.

In an interview with S.E. Cupp, Fiorina deflected the question of whether she would run for president one day:

You never know! I never close off any possibility in life. And when people encourage you to do it you have to think about it. But right now I’m focused on the UP Project and getting candidates elected for 2014.

Above: Carly Fiorina in 2010. (Gary Reyes /Mercury News)