Calling on former governor Andrew Cuomo to drop out, the billionaire hedge fund manager endorsed the incumbent NYC mayor as the only credible alternative to Zohran Mamdani.

Billionaire investor Bill Ackman called on Andrew Cuomo to step aside from the New York City mayoral race and allow incumbent Eric Adams to take on democratic socialist Zohran Mamdani in November.Most Read from BloombergNYC Commutes Resume After Midtown Bus Terminal Crash ChaosStruggling Downtowns Are Looking to Lure New CrowdsMassachusetts to Follow NYC in Making Landlords Pay Broker FeesForeign Buyers Swoop on Cape Town Homes,