Mamdani Vows to Reject Trump Fascism in NYC

In a major upset, Zohran Mamdani, a 33-year-old democratic socialist, is poised to become the Democratic nominee for New York City mayor after defeating former governor Andrew Cuomo in Tuesday’s primary. Cuomo, who conceded Tuesday night, secured just 36.4% of first-round votes in the city’s ranked-choice system, compared to Mamdani’s 43.5%, according to preliminary results. Mamdani, who rose from relative obscurity just a few months ago, ran on a progressive platform that may prove hard to deliver: a freeze on rents, free buses and higher taxes on wealthy residents and corporations. He’s also entertained ideas of closing streets to cars, lowering speed limits and bringing back year-round outdoor dining. #mamdani #cuomo #nyc #politics @ZohranforNYC Michael R. Bloomberg, the founder and majority owner of Bloomberg News parent Bloomberg LP, supported Cuomo’s campaign. Read more: https://www.bloomberg.com/news/newsletters/2025-06-25/mamdani-s-stunning-defeat-of-cuomo-in-nyc-mayoral-primary-citylab-daily ---------- Like this video? Subscribe https://www.youtube.com/@Bloomberg-News Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more. Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg on YouTube: https://www.youtube.com/@business https://www.youtube.com/@markets https://www.youtube.com/@BloombergTechnology https://www.youtube.com/@BloombergPodcasts Connect with us on social: https://www.instagram.com/bloombergbusiness https://www.linkedin.com/company/bloomberg-news https://www.tiktok.com/@bloombergbusiness https://www.facebook.com/bloombergbusiness