Particle.news
Download on the App Store

Wall Street Extends Olive Branch to NYC Mayor-Elect Zohran Mamdani

Some billionaires who funded his opponents now offer help to his incoming administration.

Overview

  • The Associated Press called Mamdani’s victory on Tuesday, making the 34-year-old the city’s first Muslim and first South Asian mayor after defeating Andrew Cuomo and Curtis Sliwa.
  • Bill Ackman congratulated Mamdani and offered assistance after spending to oppose him, and JPMorgan Chase CEO Jamie Dimon signaled he would reach out to help, reflecting a swift shift from pre-election resistance.
  • Mamdani rejected President Trump’s warning of curtailed federal support for New York under his leadership, saying he would treat it as a threat rather than the law.
  • Following criticism from prominent Rabbi Angela Buchdahl over past statements, Mamdani condemned swastikas drawn at a Brooklyn Jewish day school and vowed to stand with Jewish New Yorkers against antisemitism.
  • Political ripples reached India, where Mumbai BJP chief Ameet Satam warned his city against attempts to install a “Khan” as mayor, invoking New York’s result ahead of Mumbai’s civic polls.