News Summary

• Zohran Mamdani clinched the New York City mayoral race on Tuesday night.
• His campaign announced former FTC chair Lina Khan will be one of the transition team’s four co-chairs.
• Her appointment to a formal role on his transition team sends a message to Wall Street and the tech industry.
• Khan has ruffled the feathers of the tech elite by criticizing billionaires and proposing a 2% tax on incomes over $1 million.
• She has been an outspoken critic of tech giants like Amazon, Microsoft, Meta, and Google.