Vance to Headline $250,000 Nantucket Political Dinner
US Renters Face Storm of Rising Costs
US State Budget Wounds Intensify From Trump, DOGE Policy Shifts
Commuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags
Mapping the Architectural History of New York's Chinatown
Vance, who doubles as the nation's second-in-command and the Republican National Committee finance chair, will deliver remarks to attendees at a July 22 dinner hosted by former Putnam Investment Management LLC CEO Bob Reynolds and his wife, Laura Reynolds, Hamilton Point Investment LLC's Dave Kelsey and Chartwell Strategy Group's Ozzie Palomo, the person said.
Tickets for the event run as high as $250,000 per couple to be part of the host committee and $100,000 per couple to attend, according to an invitation for the event.
Bob Reynolds did not respond to a request for comment on Wednesday evening.
President Donald Trump and Vance have made a priority of attending a series of fundraisers around the country as they look to build up the GOP's finances for the 2026 midterms, when they will be defending majorities in both the House and the Senate.
Typically, the president's party loses congressional seats in the midterms. In 2018, in the middle of Trump's first term, the GOP lost 40 House seats and their majority. The recapture of the House by Democrats allowed the party to block Trump's legislative agenda while launching investigations of his administration.
Earlier: Vance Will Lead GOP Fundraising Efforts for Midterm Elections
The pricetag for the event shows how high Vance's political star has risen in a short time. He also attended a Nantucket fundraiser in 2022 hosted by Reynolds when he was running for Senate in Ohio. Tickets for that event were $2,500.
Nantucket has a long history as a retreat for presidents and the ultra-rich. Former President Joe Biden spent Thanksgiving on the island while in office, staying at the home of Carlyle Group Inc. co-founder and Bloomberg contributor David Rubenstein.
(Updates with midterm fundraising context. An earlier version was corrected to reflect that Bob Reynolds is formerly the Putnam CEO.)
Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push
How to Steal a House
Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags
Apple Test-Drives Big-Screen Movie Strategy With F1
Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Tariffs bring in record $27.7 billion in July as Trump calls haul 'incredible for our country'
President Trump's tariffs poured billions into US coffers in July as he continued to reshape the US trade landscape, putting the revenue supplied by importers at another monthly record. New data from the Treasury Department released Tuesday afternoon confirmed that June marked another record month on the revenue front, with some $27.7 billion in customs duties coming into US coffers. This was another step up from June's total of $26.6 billion and May's total of $22.2 billion. It represents a significant jump from around $8 billion in customs duties one year ago and brings the total for the fiscal year to around $135.7 billion. The government's fiscal year ends Sept. 30. Read more: The latest news and updates on Trump's tariffs The latest data is a continuation of the revenue spikes seen during Trump's second term in office, which are dwarfing counts from recent history, as well as the amounts collected during Trump's first term. Trump has frequently touted the new revenue source, writing in a post on Truth Social on Tuesday that it "has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else." In that same post, Trump also attacked Goldman Sachs (GS) over its research and forecasts on tariffs and claimed tariff-related revenues were actually in the "trillions." The data also confirmed, however, that tariffs still don't make up a major piece of US government receipts, even in months like July, which the Treasury Department noted is generally softer on revenue "since there are usually no major corporate or individual tax due dates in this month." This latest Treasury monthly statement showed that total government receipts for the month topped $338 billion, meaning tariff-related revenues accounted for less than 10% of the total. Tariff revenue also hasn't helped make a dent in the overall US budget deficit, which grew around $291 billion last month. The gap for the 10 months through July came in around $1.63 trillion. And then there's the question of who ultimately pays the tariffs that supply that revenue to the US government. Contrary to Trump's claims, economists agree that the countries on which Trump has slapped tariffs do not ultimately foot the bill. Read more: What Trump's tariffs mean for the economy and your wallet In research this week, Goldman Sachs estimated that as of June, US businesses have borne the brunt of tariff price hikes — 64%, according to economists led by Jan Hatzius. Consumers' share of tariff hikes was only 22% through that time period. That mix could soon flip, the analysts noted. By October, US businesses could largely pass on those costs to consumers. Goldman Sachs estimates that consumers could foot around 67% of tariff costs by October, compared to just 8% for US businesses. Foreign exporters' share would sit around 25%, Goldman Sachs said. Still, tariff revenue numbers are likely to continue climbing in the coming months as Trump's tariffs take full effect. Measures that went into effect last week raised tariff rates on goods from dozens of partners, including the European Union, Japan, and South Korea. Another significant trade partner, India, is facing levies of 50% in the coming weeks. The latest complete tally, according to recent calculations from the Yale Budget Lab, shows that the US overall average effective tariff rate will jump to 18.6%, the highest level since 1933.
Yahoo
5 minutes ago
- Yahoo
Circle CEO Discusses Earnings as Shares Jump
Circle CEO Jeremy Allaire discusses the company's revenue growth and plans to build new products. Shares of the stablecoin issuer jumped following its first earnings report as a public company. Allaire joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."
Yahoo
5 minutes ago
- Yahoo
RealPage Unveils Next-Generation AI Workforce at RealWorld 2025
LAS VEGAS & RICHARDSON, Texas, August 12, 2025--(BUSINESS WIRE)--RealPage™, the leading global provider of AI-enabled software platforms to the real estate industry, this week unveiled the Lumina AI Workforce at RealWorld 2025, the premier event for multifamily innovation and leadership. With nearly 1,500 industry professionals in attendance, RealPage introduced a future shaped by agentic AI, where intelligent automation and human collaboration work together to elevate resident experiences, improve operational efficiency, and drive scalable growth across the multifamily industry. At the center of that vision is the Lumina AI Workforce, the multifamily industry's first agentic AI platform. Introduced in June 2025, the Lumina AI Workforce marks a decisive shift away from fragmented tools and task-based automation toward an orchestrated network of intelligent agents that act, learn, and collaborate across multifamily domains. These AI agents operate in sync with human teams, handling repetitive tasks, coordinating workflows, and surfacing actionable insights, so property staff can stay focused on strategic, high-impact work. "AI's real promise lies in how it reshapes the human experience of work," said Dana Jones, RealPage CEO and President. "It's about removing daily barriers, reducing burnout, and giving teams the bandwidth to show up with energy and purpose to focus on what matters most – delivering exceptional experiences for their residents." Meet the Lumina AI Workforce: Five Specialized Agents, One Coordinated Force On the RealWorld mainstage, RealPage introduced the first five Lumina AI Agents, each specialized in a core multifamily domain, yet built to collaborate seamlessly and drive results together: AI Leasing Agent: Connects with prospects, answers their questions, and helps guide them from first contact to signed lease. AI Resident Agent: Keeps residents informed, engaged, and supported - helping boost satisfaction and retention. AI Operations Agent: Handles the day-to-day details of running a property, like move-ins, renewals, audits, and reporting. AI Facilities Agent: Quickly responds to maintenance needs, schedules inspections, and keeps repairs on track with staff and vendors. AI Finance Agent: Takes care of routine finance tasks like coding invoices, catching errors, reconciling accounts, and sending reports. Attendees experienced these agents firsthand through immersive demos and hands-on product sessions in the RealExpo Innovation Hall. Because they're built directly into familiar platforms like OneSite, Knock, and LOFT, the agents feel intuitive from the start – yet deliver outsized impact by working together, sharing intelligence, and driving performance across the operation. RealPage and OpenAI Share a Vision for Responsible AI in Multifamily RealWorld 2025 also featured a forward-looking discussion between RealPage and OpenAI, moderated by Emmy-winning journalist David Pogue. The conversation explored how agentic AI is shaping the future of multifamily housing, with a focus on affordability, accessibility, and responsible implementation. Together, RealPage and OpenAI emphasized their shared commitment to building AI that is secure, compliant, and grounded in trust. "AI can only deliver real value when it's built on a foundation of trust," said Lance French, RealPage Chief Information Officer. "That's why we've embedded security, governance, and compliance into every layer of the Lumina AI Data Platform. From day one, we designed it to meet the highest standards for data protection and operational integrity, because our customers deserve AI that's not only powerful, but also accountable." A Platform Built for What's Next The Lumina AI Workforce is powered by the Lumina AI Data Platform, RealPage's multi-year investment in secure, scalable, and deeply integrated AI infrastructure. This foundation ensures AI is not a bolt-on, but a core capability embedded across the RealPage ecosystem. From keynote insights to live product experiences, RealWorld 2025 made it clear that AI is redefining what's possible, and that RealPage is leading the industry to embrace what's next. About RealPage, Inc.: RealPage improves the business of living. RealPage is the leading global provider of AI-enabled software platforms to the real estate industry. The company offers the multifamily industry's first agentic AI platform, Lumina AI™ Workforce, with a coordinated network of intelligent AI agents that work across leasing, operations, facilities, finance and resident engagement. By using RealPage solutions for operational excellence in the front office and throughout property operations, many leading property owners, operators and investors gain transparency into asset performance with data insights, enhancing experiences with customized tools and improving efficiencies to generate incremental yield. Founded in 1998 and headquartered in Richardson, Texas, RealPage joined the Thoma Bravo portfolio of market-leading enterprise software firms in 2021 to realize faster growth and innovation to serve more than 24 million rental units from offices in North America, Europe and Asia. In 2024-2025, RealPage has been recognized as one of America's Best Employers by Forbes, one of America's Best Employers for Women by Forbes, one of America's Greatest Workplaces for Women by Newsweek, one of America's Greatest Workplaces for Parents and Families by Newsweek, and has been certified as a Great Place to Work™ in India, the Philippines, the UK and the U.S. RealPage's resident experience platform, LOFT, earned gold in the TITAN Innovation Awards. For more information on the Lumina AI Workforce, please visit View source version on Contacts Jennifer BowcockSenior Vice President, Communications & 408-768-8221 Connectez-vous pour accéder à votre portefeuille
