DEVELOPING: Wall Street Grapples with Zohran Mamdani's Radical Agenda

Breaking News: Wall Street Grapples with Zohran Mamdani's Radical Agenda New York City's billionaire business leaders are reeling after spending over $40 million to block Zohran Mamdani's mayoral bid, only to see him win the election. Mamdani, a Democrat, is set to become the city's next mayor. Mamdani's victory has sent shockwaves through Wall Street, with CEOs and business leaders expressing a range of reactions, from threats to leave the city to pragmatic acceptance. "I think it's the stages of grief," says Kathryn Wylde, head of the Partnership for New York City, an influential business group. The business community had poured millions into efforts to stop Mamdani, who has been vocal about his plans to implement progressive policies and challenge the city's economic elite. His victory is seen as a major upset, with many in the business world struggling to come to terms with the implications. As the city prepares for a new era of governance, business leaders are scrambling to adjust to the changing landscape. With Mamdani set to take office, the question on everyone's mind is: what's next? This is a developing story, and we will continue to provide updates as more information becomes available.