Bloomberg News Now June 24, 2025: Andrew Cuomo Concedes in NYC Democratic Primary for Mayor, More
Jun 25, 2025
Explore the dramatic landscape of NYC politics as Andrew Cuomo concedes in the recent mayoral primary, setting the stage for future elections. Dive into the surging popularity of Democratic Socialist Zoran Mamdani and the strategic positioning of Mayor Eric Adams. Shift gears to international affairs, analyzing the complexities of U.S.-Iran relations and the effectiveness of recent airstrikes. Also, get insights on legislation impacting tax deductions and the latest trends affecting FedEx's earnings and the logistics market.
AI Snips
Chapters
Transcript
Episode notes
Ranked Choice Shapes NYC Primary
- The NYC Democratic mayoral primary will use ranked choice voting because no candidate has over 50%.
- Zoran Mamdani leads with 43.5% while Andrew Cuomo concedes at 36.3%.
Cuomo Concedes but Plans Persist
- Andrew Cuomo conceded the Democratic mayoral primary with 36.3% of the vote.
- He still considers running via his new "fight and deliver" party ballot, showing he's "down but not out."
Limited Impact of Iran Strikes
- The U.S. bombing of Iran's nuclear sites likely caused surface damage but didn't cripple underground program.
- Setbacks last several months to a year, but full impact assessment is pending.