Overview
- Bill Ackman congratulated Mayor-elect Zohran Mamdani on X and offered to help, a marked shift after funding anti-Mamdani efforts.
- Mamdani acknowledged the outreach on Good Morning America, saying he appreciated the message and will work with anyone focused on lowering New York’s cost of living.
- Ackman previously backed Andrew Cuomo’s independent bid and was a prominent critic who warned Mamdani’s policies would be disastrous for the city.
- President Donald Trump signaled potential federal funding retaliation in a Truth Social post following Mamdani’s victory.
- Mamdani’s platform features free bus fares, a rent freeze, and wealth taxes, drawing scrutiny from business and financial leaders after his defeat of Cuomo and Curtis Sliwa.