Oddbean

After a bitter break-up, Trump makes up with billionaire donors ========== Donald Trump, the presumptive Republican presidential nominee, has regained favor with billionaire donors after a period of estrangement. Despite his criminal conviction in New York, Trump's ability to raise funds from average Americans remains strong. Trump's campaign team reported raising over $53 million in the 24 hours after his recent felony conviction. However, some big donors had lost faith in Trump following the chaos surrounding his 2020 election loss. Notably, billionaire businessman Nelson Peltz, who had previously regretted backing Trump, welcomed him to his Florida home for breakfast in March and said he would 'probably' vote for Trump again in November. Other billionaire donors, such as Steve Schwarzman and Miriam Adelson, have also publicly endorsed Trump despite their previous criticisms. Economist Paul Krugman suggests that these billionaires are motivated by personal interests, such as lower taxes and less regulation, rather than the health of the nation. On the other hand, President Joe Biden's plans to tax the super-rich and implement more regulations have made him less popular with business moguls, particularly those in Big Oil. The final decision will be made by voters in November. #DonaldTrump #BillionaireDonors #CampaignFundraising #PresidentialElection #JoeBiden #NelsonPeltz #SteveSchwarzman #MiriamAdelson #PaulKrugman #Taxes #Regulations #BigOil https://www.legit.ng/business-economy/economy/1596001-after-a-bitter-break-trump-billionaire-donors/