WEBVTT - Zohran Mamdani Elected NYC Mayor

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<v Speaker 1>News when you want it with Bloomberg News Now I

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<v Speaker 1>mid kaleggi zorn. Mam Donnie has won the New York

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<v Speaker 1>City mayoral race, according to AP and a campaign that

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<v Speaker 1>shocked the political establishment and will thrust the city further

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<v Speaker 1>into President Donald Trump sites. Mam Donnie, a thirty four

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<v Speaker 1>year old state lawmaker and Democratic socialist, defeated former Governor

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<v Speaker 1>Andrew Cuomo. Mam Donnie centered his campaign on promises of

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<v Speaker 1>free local buses, city owned grocery stores, and a rent freeze.

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<v Speaker 1>Mam Donnie said he plans to raise taxes on corporations

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<v Speaker 1>and the wealthy to help pay for his agenda. Trump

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<v Speaker 1>has threatened to cut funding to the city if Mam

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<v Speaker 1>Donnie wins the election. Former Mayor Michael Bloomberg, the founder

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<v Speaker 1>and majority owner of Bloomberg News parent Bloomberg Lp, has

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<v Speaker 1>contributed to a pack supporting Cuomo's candidacy. That's news when

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<v Speaker 1>you want it with Bloomberg News Now, I mid kaleggi.

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<v Speaker 1>This is Bloomberg