Today’s Forbes Daily newsletter covers the billionaires backing Zohran Mamdani, a hampered CFPB, Reddit's most profitable quarter yet, Jeff Bezos gets a boost and more.

At least 26 billionaires spent millions trying to stop Mamdani from becoming New York’s next mayor. More surprising are the two billionaires who backed him.

Today’s Forbes Daily newsletter covers the billionaires backing Zohran Mamdani, a hampered CFPB, Reddit's most profitable quarter yet, Jeff Bezos gets a boost and more.

Over $22 million was spent by billionaires to prevent the democratic socialist from becoming mayor-elect, estimates say.