News for June 24, 2026

Zohran Mamdani’s recent election wins in New York show his growing power in the Democratic Party and raise new concerns for business leaders about taxes, regulation, and the party’s direction.

Alex Bores lost New York’s 12th District Democratic primary after a costly AI-backed proxy fight between Anthropic- and OpenAI-linked donors ended without a clear win for either side.

Zohran Mamdani’s endorsements helped progressive candidates win key New York City Democratic primaries, including upset victories over two incumbents.

Treasury Secretary Scott Bessent used a CNBC interview to link Mayor Zohran Mamdani’s rise to the Democratic Party’s direction and to promote a new plan to help more Americans invest in stocks.

Ray Dalio says a recent trip to China convinced him the world is shifting away from U.S. power and toward a new order shaped by Chinese influence.

Slate, backed early by Jeff Bezos, has set a starting price of $24,950 for its small electric pickup, aiming to sell what it calls the most affordable truck in America.

Slate, a Jeff Bezos-backed EV startup, says its tiny new pickup will start at $24,950 and aims to be the most affordable truck in America.

Pimco says President Donald Trump’s threats to pull the U.S. out of NATO are mostly bluster, because a 2024 law blocks him from leaving the alliance on his own.

David Rubenstein argued that America’s next phase should value volunteerism and “real people, real places” more than the old tech-bro image of success.

Tesla is being sued in Texas after a woman was killed when a Tesla in automated driving mode crashed into her home.

Bill Gates told Congress he believed Jeffrey Epstein may have considered blackmailing him over Gates’s past affairs.

Micah Lasher won the Democratic primary in New York’s 12th Congressional District after a race shaped by heavy spending around AI policy and support from party leaders.

Bill Gates told Congress that Jeffrey Epstein drew him in by claiming to have billionaire contacts who could help raise huge sums for global health, but Gates later regretted the meetings.