Jeff Bezos Ends Washington Post's 36-Year Tradition Of Endorsements, Leaving Staff 'Roiled'
Portfolio Pulse from Chris Katje
The Washington Post, owned by Jeff Bezos, will not endorse a candidate in the 2024 presidential election, ending a 36-year tradition. This decision has caused controversy and staff unrest. The move follows a similar decision by the Los Angeles Times, owned by Patrick Soon-Shiong, who also blocked an endorsement of Kamala Harris. Both Bezos and Soon-Shiong have interests in companies that could be affected by the election outcome.
October 25, 2024 | 8:50 pm
News sentiment analysis
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NEUTRAL IMPACT
Patrick Soon-Shiong, Executive Chairman of Immunity Bio, blocked an endorsement of Kamala Harris by the LA Times, which he owns. This decision may reflect concerns about potential impacts on his business interests depending on the election outcome.
The decision by Soon-Shiong to block the endorsement may indicate a cautious approach to avoid potential political backlash that could affect Immunity Bio. However, the direct impact on IBRX's stock price is uncertain, as it depends on broader market perceptions and election outcomes.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
News Corporation, owner of the New York Post, endorsed Donald Trump for the 2024 election. This endorsement aligns with the company's historical support for Trump and could influence public perception and readership.
The endorsement of Trump by the New York Post, owned by News Corporation, aligns with its historical support for Trump. This could positively influence readership among Trump's supporters, potentially benefiting NWS's media business.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60