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Michael Bloomberg and Bill Gates have made significant donations to Kamala Harris's presidential campaign, contributing $50 million each to Future Forward USA Action. This marks a notable shift in their political engagement as they respond to concerns over a potential second Trump presidency, with both billionaires historically cautious about political donations.
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As Election Day approaches, Vice President Kamala Harris and former President Donald Trump are engaged in a fierce financial battle. Billionaire contributions have surged, reshaping the political landscape and raising concerns about the influence of wealth in democracy. Harris has outpaced Trump in fundraising, but Trump's billionaire backers have contributed more overall.
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The Los Angeles Times and The Washington Post faced backlash after deciding not to endorse presidential candidates for the upcoming election. This decision led to resignations, subscription cancellations, and questions about editorial independence amid political pressures from ownership.