Carried Interest: The Persistent Pillar of Wall Street

Wall Street withheld tens of millions of dollars in campaign financing to pressure US President Joe Biden to withdraw from November’s election and endorse Kamala Harris. And it worked. But how did Wall Street get so interested in a public prosecutor from San Francisco? And what do financiers hope she’ll bring to the table? Today on the show, deals reporter James Fontanella-Khan walks Robert Armstrong through the whirlwind courtship between Harris and big money. Also, we short Bill Ackman and go long McDonald's. 

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You can email Robert Armstrong at robert.armstrong@ft.com and Katie Martin at katie.martin@ft.com.

Read a transcript of this episode on FT.com

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