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CNN —Within minutes of President Joe Biden endorsing Vice President Kamala Harris to replace him on the Democratic Party’s ticket on Sunday, the internet crackled with lies, altered photos and other misleading claims about Harris. Some supporters of former President Donald Trump – the Republican nominee in the November election – even suggested Biden was the victim of a coup. Meanwhile, a slew of slickly edited pro-Harris videos quickly proliferated on social media as her backers tried to capitalize on the moment. Biden’s likeness was also exploited in the aftermath of his announcement, which came via a post on social media and not televised address. Harris’ team has also embraced a viral post from British pop singer Charli XCX that referred to Harris as “brat,” a concept that includes women and queer empowerment.

Persons: Joe Biden, Kamala Harris, Harris, Donald Trump –, –, Biden, slickly, ” Erik Nisbet, Elon Musk, Alexander Soros, megadonor George Soros, Soros, Musk, Jeffrey Epstein, people’s, Harris ’, Charli, Kremlin mouthpieces, Volodymyr Zelensky, ”, “, ” Joseph Bodnar, they’re, Shane Huntley Organizations: CNN, Democratic, Republican, Democratic Party, Northwestern University’s School of Communication, Trump, PBS, Kremlin, Biden, Google Locations: India, Jamaica, British

Vice President Kamala Harris is already seeing a wave of big money donor support following President Joe Biden dropping out of the race, with the help of bundlers who have assisted her in past races, according to people familiar with the matter. Lasry helped raise money for the vice president when she ran against Biden in the 2020 Democratic primary. Hoffman has donated at least $10 million to supportive Biden political action committees so far this election, according to Federal Election Commission records. The campaign filed the new name of their campaign, "Harris for President," with the FEC. That would come with the added risk of donors potentially deciding not to donate to the new campaign, Massoglia said.

Persons: Kamala Harris, Joe Biden, bundlers, Biden, Harris, Donald Trump, Marc Lasry, Lasry, Reid Hoffman, Hoffman, Doug Emhoff, Alexander Soros, George Soros, Stewart Bainum Jr, Anna Massoglia, Massoglia Organizations: Democratic, Senate, CNBC, Wall, Biden, Trump, Venture, Commission, New, New York Hamptons, Hamptons, Democratic Party, Choice, Convention, Democratic National Committee Locations: New York, Chicago

☆ George Soros' foundation lays off 40% after son takes control
▼ + stars: | 2023-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —George Soros’ Open Society Foundations will lay off at least 40% of its staff one month after the 92-year-old announced he handed the reins of the multi-billion-dollar foundation to his son, Alexander Soros. The job cuts were announced in a statement signed by Alexander Soros and the foundation’s president, Mark Malloch-Brown. In June, the senior Soros, a Hungarian-born billionaire investor, philanthropist and contributor to liberal causes, announced that he had tapped his 37-year-old son, Alexander Soros, who goes by Alex, as the organization’s new chair. In an interview in the Wall Street Journal announcing the decision, Alexander Soros said he and his father “think alike,” but that he was more political than his father. Alexander Soros also said that under his leadership, he planned focus the foundation more on US domestic politics.

Persons: George Soros, Alexander Soros, Mark Malloch, Soros, Alex, “, Luiz Inácio Lula da Silva, Justin Trudeau, George Soros ’, Alex Soros Organizations: CNN, Open Society Foundations, Society, Street Journal, Biden, Canada’s, Forbes, Soros Locations: Hungarian

☆ UBS Just Outlined the Key People Tasked With Integrating Credit Suisse
▼ + stars: | 2023-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Monday marked the official closing of UBS' acquisition of Swiss rival Credit Suisse, a deal both sides weren't exactly thrilled about. Specifically, the bank identified the Credit Suisse execs sitting in positions of power within its investment bank and wealth management division. UBS has not been bashful in hinting at what it is, and is not, interested in integrating from Credit Suisse. Credit Suisse was in rough shape by the time it got acquired, but that's not to say there weren't talented bankers there. Read more about the leaders of UBS' wealth and investment bank teams following its Credit Suisse deal.

Persons: Dan DeFrancesco, we've, Insider's Michelle Abrego, Kaja Whitehouse, that's, Read, Alexander Soros, George Soros, Jeffrey Epstein, Thoma, Nasdaq's, Morgan Stanley, Sam, Here's, Alex Soros, it's, We've, Jeffrey Cane, Hallam Bullock Organizations: Nasdaq, UBS, Swiss, Credit Suisse, Suisse, Credit Suisse execs, Lehman Brothers, George Soros Getty, JPMorgan, Thoma Bravo, Soros, Open Society Foundation, LinkedIn Locations: secondaries, New York, London

☆ Wall Street Journal: George Soros has handed control of his charitable and political activities to his son Alex
▼ + stars: | 2023-06-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Billionaire George Soros, a leading philanthropist and contributor to liberal political causes, has tapped his 37-year old son Alexander Soros to lead his charitable foundation and political action committee, according to the Wall Street Journal. In an interview with the Journal Sunday, Alexander Soros was revealed to be the chair of the Open Society Foundations, Soros’ main philanthropic organization. George Soros, 92, is worth an estimated $6.7 billion according to Forbes, but his foundations are worth far more than that. He has given $32 billion to his Open Society Foundations, according to its website. His political action committee, Democracy PAC, gave $81 billion in political donations during the 2019-2020 election cycle, according to Open Secrets, which tracks political donations and spending.

Persons: George Soros, Alexander Soros, Alex, Chuck Schumer, Luiz Inácio Lula da Silva, Justin Trudeau, Forbes Organizations: New, New York CNN, Wall Street, Sunday, Open Society, Soros, Biden Administration, Canada’s, Democracy PAC Locations: New York

☆ Meet Alex Soros, the 37-year-old son of legendary investor George Soros: Once known for a highflying social life, he is now taking over a $25 billion empire.
▼ + stars: | 2023-06-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Alex Soros, the 37-year-old son of George Soros, has taken over the reins of his father's empire. He has turned his image around and is now at the helm of Soros' Open Society Foundations. Alexander Soros, the 37-year-old son of legendary investor George Soros, has taken over the reins of his father's empire in what is seen as a 180-degree departure from his previous playboy image. Alex — the elder son of George Soros and his second wife, historian Susan Weber — wasn't always in the pole position to take over the empire. An Open Society Foundations spokesperson confirmed to Insider that Alex has been named chair of the Open Society Foundations.

Persons: Alex Soros, George Soros, Alex, Alexander Soros, Alexander —, Alex —, George Soros's, Susan Weber — wasn't, Jonathan Soros, Soros, Joe Biden, Justin Trudeau, Dionysus, Heine, Nietzsche, Marx Organizations: Soros, Society, Soros Fund Management, Wall Street Journal, OSF, Wall Street, Open Society, Canadian, New York Times, New York, NBA, University of California, Biden White Locations: Southampton, —, Berkeley, Budapest

☆ Billionaire George Soros hands control of empire to son, Wall Street Journal reports
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

June 11 (Reuters) - Billionaire financier George Soros told the Wall Street Journal in an interview published on Sunday that he was handing control of his massive empire to his son, Alexander Soros. But speaking of his decision to turn over the foundation and the rest of his $25 billion empire to his son, Alexander, 37, who goes by Alex, the elder Soros said: "He's earned it." Also interviewed by the newspaper, Alex said he's "more political" than his father and that he plans to continue donating family money to back left-leaning U.S. political candidates. The OSF board elected Alex as its chairman in December, and Alex now directs political activity as president of Soros' political action committee. The foundation directs about $1.5 billion a year to groups such as those backing human rights around the world and helping build democracies, the Wall Street Journal reported.

Persons: George Soros, Alexander Soros, Soros, Alexander, Alex, He's, he's, Rami Ayyub, Mark Porter Organizations: Wall Street, Society, OSF, Wall Street Journal, Thomson

☆ Big money donors rally behind Biden as he launches his reelection bid
▼ + stars: | 2023-04-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Big donors in the business world started rallying around President Joe Biden soon after he announced Tuesday that he's running for reelection next year. A Biden campaign spokesperson didn't return a request for comment before publication. Katzenberg told CNBC in an exclusive interview Tuesday night that he believes the Biden campaign will raise more this time around than in 2020. Biden's campaign raised over $400 million from donors that gave under $200 during his last run for president, according to OpenSecrets. Venture capitalist Ron Conway has told friends he will help the president's campaign, according to a person close to him.

☆ Nonprofit financed by billionaire George Soros quietly donated $140 million to political causes in 2021
▼ + stars: | 2023-01-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Fabrice Coffrini | AFP | Getty ImagesA nonprofit financed by billionaire George Soros quietly donated $140 million to advocacy organizations and ballot initiatives in 2021, plus another $60 million to likeminded charities. The Open Society Policy Center also doled out $138 million to advocacy groups and causes in 2020. All of the nonprofits fall under Soros' Open Society Foundations network, which spans the globe. Both of those groups are run by the billionaire's son Alexander Soros, who also sits on the boards of the Open Society Institute and Open Society Policy Center. Emerson Morrow, a spokesman for America Votes told CNBC that funding from the Open Society Policy Center "has provided critical support for America Votes' mission."

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