In a stunning upset, Mamdani wins the New York mayoral race, taking on wealthy donors and critics. As billionaires shift their stance, Trump threatens funding cuts if Mamdani takes office.
Hedge fund magnate Bill Ackman joins other billionaires in urging President Trump to halt tariffs, warning of a looming small business crisis. With retaliatory tariffs in effect, he stresses the urgent need for a 90-day pause to avoid bankruptcy for many.