Wall Street's Election Bets: Harris vs. Trump

In the heated presidential race between Democratic candidate Kamala Harris and Republican rival Donald Trump, Wall Street's top players are choosing sides. Influential figures like Bill Ackman and Marc Andreessen have made their endorsements known, highlighting a complex landscape ahead of the November election.

Billionaire hedge fund manager Bill Ackman has shifted his stance from calling for Trump's resignation in 2021 to endorsing him recently. Ackman donated $1 million to a primary campaign against President Joe Biden but declined to elaborate on his reasons for supporting Trump.

Meanwhile, Evercore co-founder Roger Altman and Avenue Capital Group CEO Marc Lasry remain steadfast in their support for Harris. Other financiers, like Jamie Dimon and Ken Griffin, have voiced nuanced views or refrained from outright endorsements. These divided allegiances underscore the high stakes of the upcoming election.

(With inputs from agencies.)