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Business Highlights: Facebook Cuts Jobs; Crypto Slumps
Business Highlights: Facebook Cuts Jobs; Crypto Slumps
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Joined: 2025-09-23
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But for big donors, the light had drained a bit from Trump's powerful aura in the wake of the chaos surrounding his 2020 loss at the polls to Joe Biden. On January 7, 2021, the day after Trump's supporters ransacked the US Capitol, billionaire businessman and investor Nelson Peltz said he regretted backing the real estate mogul-turned-world leader. On November 5, voters -- perhaps influenced by ads paid for with millions of dollars of billionaire money -- will have the final say. And Miriam Adelson, WOWBet the widow of casino billionaire Sheldon Adelson and a major supporter of Israel, is planning to pour tens of millions of dollars into a huge political action committee for Trump, according to Politico. During his first term, Trump awarded Miriam Adelson the Presidential Medal of Freedom. Since succeeding Trump in 2021 in the Oval Office, Biden has regularly emphasized the need for more regulations in the world of finance -- which could explain why some mega-rich businessmen have not thrown their support his way.

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