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Billionaire Views Split
U.S. billionaires had mixed reactions after the Democrats’ sweeping victory in the midterm elections. Markets welcomed the results and the easing of uncertainty, while Richard Branson and Reid Hoffman criticized the massive spending to influence politics, and Alex Soros celebrated what he called a historic shift. Elon Musk suffered a political setback after his preferred candidates lost in Texas, despite donating more than hundreds of millions of dollars. Bill Ackman and Chamath Palihapitiya warned that potential restrictions on data centers could hamper investment and the development of AI.
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