Wall Street execs make first bets against Donald Trump in 2024

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Wall Street execs make first bets against Donald Trump in 2024
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Financial executives padded the donor rolls of some of Trump's Republican challengers, including Ron DeSantis, Nikki Haley and others.

Trump's chief rival, Florida Gov. Ron DeSantis, and other candidates regularly registering in the national polling averages — businessman Vivek Ramaswamy, former Vice President Mike Pence, former U.S. ambassador to the United Nations Nikki Haley and Sen. Tim Scott, R-S.C — all saw contributions from leaders in finance starting April 1 through June 30.

Data from the nonpartisan OpenSecrets shows Jones has given to a variety of campaigns and outside groups involved with previous presidential elections. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. Lonsdale had previously said he would be backing the Florida governor.

Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. The Pershing Square CEO has raved on Twitter about Ramaswamy — and Democratic presidential candidate Robert F. Kennedy Jr. Ackman has helped finance Strive, the anti-ESG firm Ramaswamy founded.

A call to Dubin & Co., the private investment company Glenn Dubin founded, was not returned before publication.

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