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☆ Pro-McCormick Super PAC Plans $30 Million Ad Blitz in Pennsylvania
▼ + stars: | 2024-05-30 | by ( Michael C. Bender | More About Michael C. Bender | ) www.nytimes.com time to read: +1 min

“Keystone Renewal is all in to elect David McCormick to the U.S. Senate,” Mr. Dorr said. So far, Mr. Casey’s campaign and the Democratic Senatorial Campaign Committee, the main campaign arm of Senate Democrats, have spent the most on ads in the race. The committee has spent about $9 million on broadcast, cable and digital ads, while Mr. Casey’s campaign has spent $8.5 million. “Pennsylvanians already know that McCormick can’t be trusted.”The Pennsylvania race is one of only a handful this year expected to determine control of the closely divided Senate. Mr. McCormick, a former hedge fund executive, is making his second bid for a Pennsylvania Senate seat in as many years.

Persons: David McCormick, ” Mr, Dorr, Ken Griffin, Paul Singer, Jeff Yass, “ David, ” Maddy McDaniel, Casey’s, McCormick can’t, McCormick, Casey Organizations: U.S . Senate, PAC, Wall Street, Citadel, Elliott Management, Susquehanna International Group, Democratic Senatorial, Committee, Democrats, Pennsylvania Senate Locations: Pennsylvania

☆ This G.O.P. Senate Candidate Says He Grew Up on a Family Farm. Not Exactly.
▼ + stars: | 2024-04-19 | by ( Katie Glueck | Hannah Beier | ) www.nytimes.com time to read: 1 min

David McCormick’s origin story goes something like this: He grew up in rural Pennsylvania, southwest of Scranton. He baled hay, trimmed Christmas trees and otherwise worked on his family’s farm. And from those humble beginnings, he rose to achieve the American dream. “I spent most of my life in Pennsylvania, growing up in Bloomsburg on my family’s farm,” Mr. McCormick, now a Republican candidate for Senate, told Pittsburgh Quarterly in 2022. “I’ve truly lived the American dream,” he wrote in a fund-raising appeal in October.

Persons: David McCormick’s, “, ” Mr, McCormick, “ I’ve, ”, — Organizations: Republican, Senate, Pittsburgh Quarterly, West, 82nd Airborne Division Locations: Pennsylvania, Scranton, Bloomsburg, West Point, Pittsburgh

☆ McCormick wants the US to divest from China. As a hedge fund manager, he oversaw investments in Chinese companies grow more than a thousand-fold
▼ + stars: | 2023-11-04 | by ( Em Steck | ) edition.cnn.com time to read: +5 min

However, as the head of the world’s largest hedge fund, McCormick oversaw massive investments into US exchange traded Chinese companies and holdings, according to a CNN KFile review of the hedge fund’s holdings. I held deep reservations about Bridgewater’s exposure to the moral and patriotic hazards of doing business in China,” McCormick said in September 2023 before officially launching his campaign. That amounts to a 108,000% increase in Chinese holdings over a five-year period. In 2017, Bridgewater reported investing in just one US exchange traded Chinese company; by the final quarter of 2021, its holdings included 47 Chinese companies. McCormick’s hedge fund also held an additional $779 million indirectly in Chinese companies through their investments in exchange traded funds.

Persons: David McCormick’s, McCormick, ” McCormick, Hugh Hewitt’s, CNN’s KFile, Bush, Mehmet Oz, Oz, Democrat John Fetterman, Bridgewater, Elizabeth Gregory, “, he’s, Ray Dalio –, thievery ”, ” Organizations: New, New York CNN, US, CNN, CCP, Bridgewater Associates, US Securities and Exchange, Bridgewater, Republican Party, Republican, Democrat, Chinese Communist Party, US Commerce Department Locations: New York, Pennsylvania, hardliner, China, McCormick’s, United States, Xinjiang, ”

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