Mamdani Win Leaves Wall St. Fretting Over 'Hot Commie Summer'

ANDREW CUOMO'S LOSS is Eric Adams' gain.

- BLOOMBERG

Just days ago, the New York City mayor faced steep reelection odds. His job-approval ratings had plunged to record lows after a federal corruption indictment. Support among Democrats fell even further when the Trump administration dropped the charges, raising questions about Adams' indebtedness to the White House.

But Adams, who dropped out of the campaign as a Democrat to run as an independent, is suddenly looking less toxic to a class of moderate voters. The reason: The surprise ascendancy of democratic socialist Zohran Mamdani, a 33-year-old state assemblyman who crushed Cuomo in Tuesday's primary election to become the all-but-certain Democratic nominee.