Daniel Loeb, a manager of a special type of investment fund called a hedge fund, and other important New York City business leaders felt very aghast. They were shocked by Zohran Mamdani's success. Mamdani won the Democratic mayoral primary election. This was not what they expected.
They saw Mamdani's success as a problem. They wanted to stop his growing influence. So, they had a meeting with Mr. Adams. They are now thinking about whether to back Mr. Adams. They might support him financially in the upcoming general election. Their goal is to make sure Mamdani does not win.