
How New York City neighborhoods voted in the Democratic mayoral primary
Zohran Mamdani, a 33-year-old state assembly member and democratic socialist, is on the verge of a major upset in the race to be New York City's next mayor.
Former New York governor Andrew M. Cuomo conceded the Democratic primary Tuesday night, though the official winner will be announced after ranked-choice calculations are released July 1. Mamdani's commanding first-round lead over Cuomo, 44 percent to 36 percent, shows the growing influence of an energized, younger left wing of the Democratic Party.
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Forbes
25 minutes ago
- Forbes
Trump Media Board Member Who Led SPAC Deal Sells 90% Of His Shares
Eric Swider, one of seven board members at Trump Media & Technology Group (NASDAQ: DJT) and a leader in the deal to take Truth Social public, has sold around 90% of his company stock—netting around $4.4 million before taxes—since November, according to filings with the Securities and Exchange Commission. Truth Social is seen on a mobile device with an image of President Donald Trump in the background in ... More Warsaw, Poland in February 2022. (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images Swider became CEO of the blank-check firm Digital World Acquisition Corp.—the SPAC that merged with Truth Social parent company Trump Media—in March 2023. After the merger was finalized in March 2024, former Congressman Devin Nunes, R-Calif., became CEO and Swider remained on the board. Swider received 153,000 shares when the merger closed, and another 26,000 in January 2025 through an incentive plan. In November 2024, Swider sold about 136,000 shares at $28.23 apiece, netting roughly $3.8 million. Since March 2025, Swider has made four additional sales—most recently 8,500 shares earlier in June—reducing his holdings to 17,500 shares. Swider and Trump Media did not respond to requests for comment. It's unclear why Swider has sold about 90% of his holdings, and he does not appear to have commented on the transactions. Contra No other Trump Media insiders have sold comparable amounts, according to SEC filings. President Donald Trump, whose 114.8 million shares are held in a revocable trust where he is the sole beneficiary and donor, has not reported any sales. Others, including Nunes, have only sold shares to cover tax withholdings, not directly receiving any cash proceeds. Big Number $4.8 million. That's how much Swider has made so far from Trump Media—counting stock sale proceeds, the current value of his remaining shares and a $45,000 cash retainer. Key Background Swider joined Digital World's board in 2021 and became CEO in 2023, as the SPAC pursued a drawn-out merger with Trump Media that took 29 months to complete. During that time, a former Digital World board member was convicted of insider trading, the company admitted to two years of unreliable financials and it paid $18 million in penalties to the SEC for failing to disclose early Trump Media talks. After the merger finalized in March 2024, turmoil continued: Trump Media's cofounders sued over allegedly diluted stakes, prompting a countersuit. The company also replaced its auditor after the SEC accused its accounting firm, BF Borgers, of 'massive fraud' involving more than 250 clients (Borgers agreed to pay a $12 million fine and an industry ban). Swider's term on Trump Media's board is set to expire in 2027. In a 2024 filing, Trump Media disclosed Swider failed to report a change in his stock holdings to the SEC within the required timeframe. What To Watch For In March, Swider and Nunes launched a new blank-check firm, Renatus Tactical Acquisition Corp I, targeting acquisitions in cryptocurrency, cybersecurity and dual-use tech—sectors with significant regulatory and government involvement, in which the Trump administration has major influence. Swider holds 50,000 shares directly and controls another 5 million through an LLC. Surprising Fact Trump Media warned in May that 'material misstatements' may have appeared in its financial filings, citing weak internal controls and a lack of SEC reporting expertise—though a company spokesperson told Forbes the filing was 'a routine disclosure that TMTG has repeatedly made in the past, and is typical for former shell companies, that does not in any way indicate an intention to restate any of TMTG's financial reporting.' News Peg Trump Media is in the midst of reshaping its finances, raising $2.3 billion from institutional investors in May to fund bitcoin purchases, registering a crypto ETF with the SEC and announcing plans Monday to buy back up to $400 million in shares. Forbes estimates Donald Trump's net worth at $5.2 billion, with $2.1 billion tied to his 114.8 million shares in Trump Media, as of the market close on Tuesday. Most of his fortune is now tied to crypto holdings. Editor's Note In November 2023, Trump Media sued 20 media outlets, including Forbes, for reporting that included calculations of its financial results while still a private company. The defendants have moved to dismiss the claims but the case is currently ongoing. Further Reading The 3 Easy New Ways Anyone Can Funnel Money Directly To Donald Trump's Businesses (Forbes) CEO Devin Nunes Made $47 Million While Truth Social Parent Company Reported $401 Million In Losses In 2024 (Forbes) Trump Media Shares Rise After Planning Fintech Brand—Trump's Net Worth Spikes Over $200 Million (Forbes) Truth Social Hosted Party At Trump's Mar-A-Lago (Forbes) Trump-Linked SPAC Spent $10.8 Million On Legal Fees Amid Regulatory Probes (Forbes) When It Comes To Truth Social, Republicans In Congress Aren't Buying What Trump's Selling (Forbes)


Fox News
26 minutes ago
- Fox News
Democratic congressman hurls profanity-laced message at Stephen Miller
A Democratic lawmaker hurled profanity at White House deputy chief of staff Stephen Miller on Wednesday, going on to imply that Miller is a Nazi. Rep. Mark Pocan, D-Wisc., made the statement on social media in response to some of Miller's commentary on New York City. Miller was discussing democratic socialist Zohran Mamdani's victory in the Democratic primary for New York City's mayoral election, saying unchecked immigration was a major contributor to the city's leftward slide in recent years. "NYC is the clearest warning yet of what happens to a society when it fails to control migration," Miller wrote. Pocan chimed in: "Racist ****. Go back to 1930's Germany." Pocan weighed in on Mamdani's win multiple times, lashing out at another user who claimed the democratic nominee, who is Muslim, supports "Sharia Law." "I love watching MAGA nut jobs spinning total bull**** to overcome blatant racism and xenophobia," Pocan responded to the post. "People want progressive populism that focuses on making their lives better, not redistribution of wealth from working people to the wealthiest. Trumpism is on the decline." Republicans have capitalized on Mamdani's victory as evidence of the extremism of the current Democratic Party. The National Republican Congressional Committee (NRCC) was among the first to make the connection. "The new face of the Democrat Party just dropped, and it's straight out of a socialist nightmare," they wrote in an email. Aiming to tie House Democrats to Mamdani, NRCC spokesman Mike Marinella argued that "every vulnerable House Democrat will own him, and every Democrat running in a primary will fear him." Rep. Elise Stefanik of New York, a top ally of President Donald Trump who is seriously considering a run for Empire State governor next year, also pounced. Stefanik claimed that "a radical, Defund-the-Police, Communist, raging Antisemite will most likely win the New York City Democrat Mayoral primary." Vice President JD Vance also weighed in, writing, "Congratulations to the new leader of the Democratic Party" in a post on Blue Sky, a social media platform frequented by progressives.


Chicago Tribune
29 minutes ago
- Chicago Tribune
Who is Zohran Mamdani? State lawmaker seeks to become NYC's first Muslim and Indian American mayor
NEW YORK — Zohran Mamdani was a state lawmaker unknown even to most New York City residents when he announced his run for mayor back in October. On Tuesday evening, the 33-year-old marked his stunning political ascension when he declared victory in the Democratic primary from a Queens rooftop bar after former New York Gov. Andrew Cuomo conceded. While the race's ultimate outcome has yet to be confirmed by a ranked choice count scheduled for July 1, here's a look at the one-time rapper seeking to become the city's first Muslim and Indian American mayor, and its youngest mayor in generations. Zohran Mamdani declares victory in NYC's Democratic mayoral primary as Andrew Cuomo concedesMamdani was born in Kampala, Uganda, to Indian parents and became an American citizen in 2018, shortly after graduating college. He lived with his family briefly in Cape Town, South Africa, before moving to New York City when he was 7. Mamdani's mother, Mira Nair, is an award-winning filmmaker whose credits include 'Monsoon Wedding,' 'The Namesake' and 'Mississippi Masala.' His father, Mahmood Mamdani, is an anthropology professor at Columbia University. Mamdani married Rama Duwaji, a Syrian American artist, earlier this year at the City Clerk's Office. The couple live in the Astoria section of Queens. Mamdani graduated in 2014 from Bowdoin College in Maine, where he earned a degree in Africana studies and co-founded his college's Students for Justice in Palestine chapter. After college, he worked as a foreclosure prevention counselor in Queens helping residents avoid eviction, the job he says inspired him to run for public office. Mamdani also had a notable side hustle in the local hip hop scene, rapping under the moniker Young Cardamom and later Mr. Cardamom. During his first run for state lawmaker, Mamdani gave a nod to his brief foray into music, describing himself as a 'B-list rapper.' 'Nani,' a song he made in 2019 to honor his grandmother, even found new life — and a vastly wider audience — as his mayoral campaign gained momentum. Mamdani cut his teeth in local politics working on campaigns for Democratic candidates in Queens and Brooklyn. He was first elected to the New York Assembly in 2020, representing a Queens district covering Astoria and surrounding neighborhoods and has handily won reelection twice. The Democratic Socialist's most notable legislative accomplishment has been pushing through a pilot program that made a handful of city buses free for a year. He's also proposed legislation banning non-profits from 'engaging in unauthorized support of Israeli settlement activity.' Mamdani's opponents, particularly Cuomo, have dismissed him as woefully unprepared for managing the complexities of running America's largest city. But Mamdani has framed his relative inexperience as a potential asset, saying in a mayoral debate he's 'proud' he doesn't have Cuomo's 'experience of corruption, scandal and disgrace.' Mamdani's outspoken support for Palestinian causes was a point of tension in the mayor's race as Cuomo and other opponents sought to label his defiant criticism of Israel as antisemitic. The Shia Muslim has called Israel's military campaign in Gaza a 'genocide' and said the country should exist as 'a state with equal rights,' rather than a 'Jewish state.' That message has resonated among pro-Palestinian residents, including the city's roughly 800,000 adherents of Islam — the largest Muslim community in the country. During an interview on CBS's 'The Late Show' on the eve of the election, host Stephen Colbert asked Mamdani if he believed the state of Israel had the right to exist. He responded: 'Yes, like all nations, I believe it has a right to exist — and a responsibility also to uphold international law.' Mamdani's refusal to condemn calls to 'globalize the intifada' on a podcast — a common chant at pro-Palestinian protests — drew recriminations from Jewish groups and fellow candidates in the days leading up to the election. In his victory speech Tuesday, he pledged to work closely with those who don't share his views on controversial issues. 'While I will not abandon my beliefs or my commitments, grounded in a demand for equality, for humanity, for all those who walk this earth, you have my word to reach further, to understand the perspectives of those with whom I disagree, and to wrestle deeply with those disagreements,' Mamdani said.