Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Billionaire says Eric Adams should drop out of NYC mayoral race, cites risk of Mamdani win
Business

Billionaire says Eric Adams should drop out of NYC mayoral race, cites risk of Mamdani win

Buddy DoyleBy Buddy DoyleSeptember 5, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Billionaire says Eric Adams should drop out of NYC mayoral race, cites risk of Mamdani win
Share
Facebook Twitter LinkedIn Pinterest Email

Bill Ackman, CEO of New York City-based hedge fund Pershing Square Capital Management, is imploring Eric Adams to drop out of the contentious New York City mayoral race, saying that he doesn’t stand a chance against newcomer Zohran Mamdani. 

“It is time for Mayor Adams to step aside,” Ackman posted on X. 

While he commended Adams, who has been mayor of New York City since 2022, succeeding Bill de Blasio, for doing a “very good job” in the position, Ackman said Adams’ polls have “deteriorated substantially” since the primary in June, and it has become increasingly clear that he does not have a chance” to beat Mamdani. 

DISCOUNT GROCER PLANS NYC EXPANSION DESPITE MAMDANI’S GOVERNMENT-RUN STORE PROPOSAL

“The economy is strong. Crime is down. He has managed the migrant situation very effectively. He has set the stage for more affordable housing and material improvements in our quality of life and a better NYC for all. And he hasn’t gotten the credit he deserves for the progress he has made,” Ackman said.

Mamdani, a self-identified democratic socialist who’s favored among younger voters, won the Democratic primary for New York City mayor. He is also leading in November’s general election despite going up against a crowded field that includes former governor Andrew Cuomo and the incumbent mayor, both running as independents, Republican nominee Curtis Sliwa and defense lawyer-turned-independent candidate Jim Walden.

Fox Business reached out to Adams’ office, and it deferred questions to his mayoral campaign. 

BILLIONAIRE CEO WARNS HE’LL CLOSE GROCERY STORES IF DEMOCRATIC SOCIALIST CANDIDATE WINS NYC MAYOR RACE

Democratic mayoral nominee for New York City and current state Assemblyman Zohran Mamdani leaving a press conference.

If elected in November, Mamdani has said he would redirect city funds from corporate supermarkets to city-owned grocery stores “whose mission is lower prices, not price gouging,” according to a video posted on his campaign website. Aside from government-run grocery stores, Mamdani has also campaigned on rent freezes and higher taxes on corporations and the wealthy. 

HOW NYC DEM SOCIALIST MAYORAL CANDIDATE’S $30 MINIMUM WAGE PLAN COULD LEAD TO JOB LOSSES
 

Mamdani’s candidacy has proven controversial with several members of the business community, notably Wall Street’s Jamie Dimon, because he is running on a number of controversial policy proposals that could prove costly for the city’s finances. 

Bill Ackman attends 2025 Pershing Square Foundation MIND and Cancer Prize Award Dinner

Some business leaders in the city, notably John Catsimatidis, the CEO of grocery chain Gristedes, have even threatened to sell or close down the business if Mamdani is elected. Catsimatidis has argued that his business couldn’t compete in the market if there were city-run supermarkets. 

Conversely, Lidl CEO told FOX Business the German grocer is pushing forward with plans to expand its New York footprint no matter what. 

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleYour daily diet soda could be aging your brain faster than you think, study finds
Next Article Messerschmitt Me 262: Last Hope of the Luftwaffe?

Related Articles

Google CEO Sundar Pichai thanks Trump administration for ‘constructive dialogue’ after antitrust ruling

Google CEO Sundar Pichai thanks Trump administration for ‘constructive dialogue’ after antitrust ruling

September 5, 2025
LARRY KUDLOW: What about King Dollar?

LARRY KUDLOW: What about King Dollar?

September 5, 2025
Trump funding cuts force PBS to eliminate 100 jobs

Trump funding cuts force PBS to eliminate 100 jobs

September 5, 2025
Tylenol-maker shares sink after report says RFK’s HHS will link to autism

Tylenol-maker shares sink after report says RFK’s HHS will link to autism

September 5, 2025
US-born workers see job gains as foreign-born employment declines, Labor Department data shows

US-born workers see job gains as foreign-born employment declines, Labor Department data shows

September 5, 2025
Trump’s debanking executive order praised by Americans for Free Markets in new seven-figure ad campaign

Trump’s debanking executive order praised by Americans for Free Markets in new seven-figure ad campaign

September 5, 2025
Top college’s athletic director says Congress must be involved in NIL regulation

Top college’s athletic director says Congress must be involved in NIL regulation

September 5, 2025
Trump’s pick for the Fed board could join in time for key rate cut vote

Trump’s pick for the Fed board could join in time for key rate cut vote

September 5, 2025
Tesla offers massive  trillion pay package to Elon Musk

Tesla offers massive $1 trillion pay package to Elon Musk

September 5, 2025
Don't Miss
7 Russian Guns That Beat Every American Firearm!

7 Russian Guns That Beat Every American Firearm!

Top 6 Ported EDC Pistol Myths (and Why They’re Wrong)

Top 6 Ported EDC Pistol Myths (and Why They’re Wrong)

Google CEO Sundar Pichai thanks Trump administration for ‘constructive dialogue’ after antitrust ruling

Google CEO Sundar Pichai thanks Trump administration for ‘constructive dialogue’ after antitrust ruling

A closer look at Air Force One and the executive fleet

A closer look at Air Force One and the executive fleet

Latest News
2025’s Hottest New Guns | Exclusive First Look!

2025’s Hottest New Guns | Exclusive First Look!

September 5, 2025
Are They Setting The Stage For NATO To Officially Enter The War With Russia?

Are They Setting The Stage For NATO To Officially Enter The War With Russia?

September 5, 2025
Boker Saved Room for Desert with the Barchan

Boker Saved Room for Desert with the Barchan

September 5, 2025
Hearing Protection Act: Are Silencers Legal Now?

Hearing Protection Act: Are Silencers Legal Now?

September 5, 2025
LARRY KUDLOW: What about King Dollar?

LARRY KUDLOW: What about King Dollar?

September 5, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.