Wall Street execs make first bets against Donald Trump in 2024
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A wave of executives in the finance sector made early donations to Donald Trump's primary opponents in the second quarter, as many on Wall Street look for an alternative to the former president to lead the Republican Party in 2024. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading.
AI Summary
Main Idea: Wall Street executives made early bets against Donald Trump in the 2024 race by giving money to his main Republican rivals, especially Ron DeSantis.
Key Points:
- New campaign filings show dozens of finance leaders gave the maximum amount to Republican candidates polling below Trump.
- Ron DeSantis drew the most Wall Street support, with donations from major hedge fund and venture capital names.
- Joe Lonsdale was among the finance executives who gave to DeSantis, showing support from some tech and investment leaders.
- Other Trump rivals, including Vivek Ramaswamy and Nikki Haley, also took in maxed-out donations from Wall Street donors.
Impact on the People
Negative Impact
Wall Street money backing Trump rivals like DeSantis and Haley may shape the GOP race, giving wealthy donors more sway over voters and party policy choices.
Positive Impact
The donations give voters more funding support for alternative candidates, which could expand choices in the 2024 election.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:President Donald Trumpperson
- Primary:
Candidate Entities12 candidates · 5 weighted vote min · 70% decision
- President Donald TrumppersonPrimaryEvaluated
Former president and central reference point for the article’s discussion of Wall Street donors backing his primary opponents.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Representative Ron DeSantispersonPrimaryEvaluated
Trump’s chief rival and a main recipient of finance-sector donations discussed in detail.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Cliff AsnesspersonMajorAI selected
Co-founder of AQR Capital Management singled out as a maximum donor to Haley.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Glenn DubinpersonMajorAI selected
Investor highlighted for large donations to Ramaswamy and noted background ties.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Joe LonsdalepersonMajorAI selected
Venture capitalist specifically identified as donating to DeSantis.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Nikki HaleypersonMajorAI selected
Major Republican candidate and notable recipient of Wall Street fundraising support.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Paul Tudor JonespersonMajorAI selected
High-profile hedge fund manager highlighted as a notable donor to DeSantis and Christie.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Vivek RamaswamypersonMajorAI selected
Major Republican candidate discussed as receiving significant finance-sector contributions.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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