Sachs laid out his reasoning for supporting Trump. Top of the listEconomy. The US is doing far better than its peers, but he blames President Biden for stagnant inflation, weak growth and rising debt (even though Trump also added trillions of dollars to the national debt).
But Biden has massive support in Silicon Valley. The president has raised millions of dollars from tech industry leaders this election cycle. Last month, he attended a fund-raising event events Organized by venture capital investor Vinod Khosla and former Yahoo CEO Marissa Mayer, the event draws some of Silicon Valley's biggest business associates.
Hoffman explains why no CEO should vote for Trump. Business leaders are mistaken to think things will be “normal and controlled” once Trump is back in the White House, he said. writes in The EconomistHe said they should not empower any criminal.
For American business, the rule of law is essential. It is the soil in which commerce can take root and grow. Without this stable, predictable, rules-based environment, New York, and America, could not become the hub of innovation, investment, profit, and progress it is.
Unfortunately, many American business leaders have recently developed a kind of short-sightedness, misjudging which politics and which political leaders will truly support their long-term success. Perhaps it stems from the fact that they have lived their whole lives in a stable legal system that they now take for granted. But a strong, reliable legal system is not a given. It is a necessity we cannot live without. We abandon it at our own peril.
That's unlikely to slow Trump down. The Republican will attend two fundraising events in Southern California on Friday and Saturday, including one hosted by Oculus co-founder Palmer Lucci, who now runs defense technology company Anduril Industries.
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GameStop shares surge ahead of Keith Gill's expected return to YouTube. The retailer's stock surged more than 30 percent in premarket trading on Friday, after a note appeared on its YouTube channel on Thursday saying it had scheduled my first livestream in yearsThe surge in the share price followed a volatile period started by meme-stock kingpin Gill, who goes by the name “Roaring Kitty.”