A self-described Democratic Socialist could be NYC’s next mayor, and the ultra rich are in revolt— ‘hot commie summer’

• After Zohran Mamdani likely secured the democratic nomination in New York City’s mayoral race, billionaires like Elon Musk and Bill Ackman rushed to criticize the young politician and issue warnings of businesses likely to leave the city.

Billionaires are outraged after self-described Democratic Socialist Zohran Mamdani defeated establishment candidate Andrew Cuomo to become the Democratic nominee in New York City’s mayoral race.

The 33-year-old Mamdani was, until recently...