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Mamdani’s Shock Win Has Wall Street Fretting Over ‘Hot Commie Summer’

WATCH: Why Mamdani has the NYC elite worried. Charlie Wells reports.Source: Bloomberg

Takeaways by Bloomberg AI

Even Zohran Mamdani’s detractors recognize that the vibes are with the 33-year-old democratic socialist.

“It’s officially hot commie summer,” hedge fund billionaire Dan Loeb said on X, after Mamdani shocked the Democratic establishment by crushing Andrew Cuomo in the party’s primary for the New York City mayoral race.