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Market
Changes in Blackstone's investment strategies post-CEO endorsement
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Resolution / Starting Odds
Shift towards conservative-aligned businesses • 25%
No significant shift • 25%
Shift towards neutral or non-politically aligned businesses • 25%
Increased diversification • 25%
Company financial statements, analyst reports
Story
Blackstone Billionaire CEO Stephen Schwarzman Endorses Trump for 2024 as 'Vote for Change'
May 24, 2024, 07:33 PM
Stephen Schwarzman, billionaire Chairman and CEO of Blackstone, the private equity and real estate giant, has announced his endorsement of Donald Trump for the 2024 presidential election. Schwarzman, who had previously stated in 2022 that he would oppose Trump, has reversed his position, citing rising antisemitism as a factor in his decision. In addition to his endorsement, Schwarzman plans to provide financial support to Trump's campaign and various Republican Senate candidates. He described his support for Trump as a 'vote for change.'
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Significant Positive Impact • 25%
Moderate Positive Impact • 25%
No Significant Change • 25%
Negative Impact • 25%
Increase investment • 25%
Decrease investment • 25%
Withdraw completely • 25%
No change in investment • 25%
Shift towards more politically conservative content • 33%
Increase in data-driven journalism • 33%
No significant change • 34%
Increase Bitcoin holdings • 25%
Decrease Bitcoin holdings • 25%
Diversify into other cryptocurrencies • 25%
Focus on non-crypto investments • 25%
No further investments • 33%
Investment in one additional company • 33%
Investment in two or more companies • 34%
Increase in digital advertising • 25%
Diversification in advertising platforms • 25%
Reduction in advertising dependency • 25%
Steady with current strategy • 25%
Increase investment in other U.S. assets • 33%
Divest further U.S. assets • 33%
Maintain current level of U.S. investment • 34%
Increase in institutional investment • 33%
Stable institutional investment • 33%
Decrease in institutional investment • 34%
Increased investment in renewable energy • 25%
Increased investment in other fossil fuels • 25%
No significant change in investments • 25%
Decreased overall investment in energy • 25%
Increase transparency and compliance efforts • 33%
Reconsider or reduce U.S. investments • 33%
No significant change in strategy • 34%
Increase in compliance departments • 25%
Restructuring of corporate assets • 25%
Legal challenges against the IRS • 25%
No significant change • 25%