American businessman, philanthropist and former mayor
An appellate court in Brooklyn has stayed a Staten Island judge's temporary restraining order and briefly allowed New York City's new pied‑à‑terre surcharge rollout to resume while the city seeks an appeal. The lawsuit challenges the administration's notification and list release; the city has argued the pause would derail time‑sensitive implementation.
New York City is moving to open five government-run grocery stores by 2029 to address food affordability. The plan, inspired by Atlanta’s Azalea Fresh Market, uses subsidies to lower core-food prices and seeks experienced grocers to operate the stores. The initiative follows a broader debate over food deserts and market-based solutions.
Nancy Kissinger has died at 92 in Kent, Connecticut. She has been described as a powerful presence in philanthropy and as Henry Kissinger’s trusted advisor. The couple has been central to U.S. diplomacy and social circles for decades.
Shein has launched a Hong Kong IPO seeking HK$13.86bn by selling 280m shares at HK$47.60–HK$49.50 each, valuing the company at about $27bn at the top of the range. The fast-fashion retailer has seen its private-market value fall about 70% from its near-$100bn peak and says proceeds will fund technology and international expansion.
Documents released publicly detail what city officials knew about Ground Zero air quality after 9/11 and how they acted to limit liability. The release follows a 9/11 Health Watch settlement and covers health concerns, air quality, and the city’s response.
Forbes 400 members live across 38 states and DC, with California hosting the largest cluster. The piece highlights concentrations in Illinois, Texas, and other states; notable figures include Zuckerberg, Musk, Buffett and Dell.
Ken Griffin has pledged $3 billion to Carnegie Mellon University, including $2 billion to build a 35‑acre Wynwood campus in Miami and $1 billion for priorities at CMU’s Pittsburgh campus. Construction on the Miami site is slated for 2027, with student enrollments planned to begin in 2028; the computer science school will be renamed for Griffin.
The Guardian, New York Post and CNBC report that Michael Bloomberg has spent about $80 million to back Democratic candidates since September, aiming to broaden the House majority beyond the 218 seats and bolster allies like Everytown for Gun Safety and House Majority PAC. Trump counters with plans to spend $400 million to aid Republicans, while Bloomberg’s adviser says resources matter and he “expects a result.”