Andrew here. On Tuesday, we told you about the backlash against the venture capitalist Shaun Maguire over his calling Zohran Mamdani an “Islamist.” Hundreds of people signed a petition demanding that his firm, Sequoia, censure him. Now a new letter is making the rounds with signatories supporting Maguire. “The calls to punish or remove him are part of a larger and worrying trend: ideological mobbing disguised as a moral virtue,” the letter reads. Clearly, the debate is not over, and we will be watching to see what happens next.
We’re also keeping a close eye on the latest trade fight, including a steep tariff on copper that threatens to further rattle U.S. companies. And Lauren Hirsch reports on what’s on New York business leaders’ minds before their meetings with Mamdani next week.
Copper climbing
The latest phase of President Trump’s trade war has had little fallout on global stock markets so far this week. But it’s beginning to affect other areas, including commodities — take a look at copper in particular — and government bonds.
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