There's a new mayor in town.

New Yorkers elected 34-year-old Democratic socialist Zohran Mamdani on Tuesday night to lead the nation’s largest city.

Mamdani, a progressive upstart from Queens, has made affordability the cornerstone of his agenda.

Yet proposals like free buses, city-owned grocery stores and rent freezes have rattled Wall Street, drawing some of his fiercest critics. The clash underscores a widening divide between progressive visions for the city and the financial sector that has long powered it. Already many firms including JPMorgan have allocated headcount to states , including Texas.

Here’s a breakdown of his economic agenda.

Mamdani has committed to creating a "network of city-owned grocery stores focused on keeping prices low, not making a profit."

"Without

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