American businessman, politician and philanthropist, founder of Bloomberg L.P.
Giving USA 2026 reports 2025 philanthropy at a record $617 billion, up 3% in inflation-adjusted terms. Bequests and megagifts from a handful of ultra-wealthy donors drive the rise, with MacKenzie Scott contributing about a third of megagift dollars and Warren Buffett, Bill Gates and Michael Bloomberg among top benefactors. The stock market boom underpins broader giving across individuals, foundations, and corporations.
New York’s Democratic primaries have yielded three wins for Mayor Zohran Mamdani’s democratic socialist slate. Brad Lander, Darializa Avila Chevalier and Claire Valdez have defeated establishment-backed rivals in the 10th, 13th and 7th districts, signaling a stronger left-wing presence in Congress ahead of November.
JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents, signaling a shift in leadership as Marianne Lake retires. The board is advancing a male-dominated succession slate, with Erdoes and Piepszak retaining high-level roles and retention bonuses awarded to top bankers.
New York City open primaries face opposition from Mayor Mamdani as activists push for a system that could widen voter participation. The debate centers on whether the closed primaries strengthen incumbents or expose voters to broader choice.