Fortune reports: Hedge-fund billionaire Bill Ackman plans to bankroll a New York City mayoral campaign, arguing that his affluent associates are poised to flood the election with money in an effort to defeat Democratic Socialist frontrunner Zohran Mamdani. Ackman said he was “gravely concerned” because he believed the left-wing candidate’s policies would be disastrous, triggering an exodus of the wealthy …
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Politico reports: Billionaire hedge fund manager Bill Ackman, a prominent supporter of Republican President Donald Trump, has donated $250,000 to a super PAC boosting Andrew Cuomo’s run for New York City mayor, new campaign finance filings show. It’s the latest example of GOP-affiliated players getting behind New York’s Democratic former governor as he vies to replace Mayor Eric Adams. Ackman’s …
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The Hill reports: Billionaire hedge fund investor Bill Ackman, who endorsed President Trump last year, is offering a stark warning about the risks of the White House’s tariff plans, arguing they could cause the economy to collapse while hurting Trump supporters the most. “Business is a confidence game. The president is losing the confidence of business leaders around the globe. …
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Mediaite reports: The document in question was an alleged affidavit originally featured on a questionable-looking website called “County Local News,” which Newsguard describes as an “unreliable” and “AI-generated content farm” that peddles in “misinformation,” and shared by an account called “Black Insurrectionist – I FOLLOW BACK TRUE PATRIOTS.” The “affidavit,” which is riddled with typos, includes several outlandish claims, including …
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Politico reports: Democratic presidential candidate Dean Phillips removed a reference to promoting “Diversity, Equity, and Inclusion” on his campaign website after one of his top financial backers, a leading DEI opponent, prodded Phillips publicly on the subject. That donor, the hedge fund investor Bill Ackman, has at different times called Phillips’s language about DEI a “mistake” and said the candidate …
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