Ackman and his wealthy associates are ready to pour 'hundreds of millions of dollars' into the campaign of an aspiring politician looking to position themselves on the national stage.

New York Assemblyman Zohran Mamdani, who is on track to win the Democratic Party ’s nomination in the New York City mayoral race, on Wednesday reacted to Donald Trump calling him a “100% Communist Lunatic” following his surprise success, warning the president that he is prepared to challenge the more cruel elements of his agenda.

Sen. Chuck Schumer and Rep. Hakeem Jeffries, New York City natives who lead their parties’ caucuses in each chamber of Congress, quickly issued statements saying they had spoken to Mamdani and praising the campaign he ran. They stopped short of endorsing him.