Jeff Yass is making a big final splash to help former hedge funder Dave McCormick's Senate campaign

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  • Former hedge funder David McCormick has narrowed nan spread successful a intimately watched US Senate race.
  • McCormick's Wall Street friends are among nan biggest donors to a pro-McCormick ace PAC.
  • Jeff Yass is among nan large names making a last scatter earlier Election Day.

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Jeff Yass, nan billionaire co-founder of trading Susquehanna International Group, is among a fistful of Wall Street titans making a large last scatter to effort to prevention 1 of their own, erstwhile Bridgewater Associates CEO Dave McCormick.

McCormick is trying to oust three-term incumbent Sen. Bob Casey, a Democrat, successful 1 of nan nation's most intimately watched US Senate races. Senate Republicans are apt to retake nan enclosure acknowledgment to nan status of Sen. Joe Manchin of West Virginia. If nan GOP controls nan White House, flipping Manchin's spot and holding dependable everyplace other would beryllium capable for a majority. But if Republicans want to springiness themselves much breathing room, they request hopefuls for illustration McCormick to return retired seasoned incumbents.

According to a pro-McCormick ace PAC's last pre-election filing, Yass donated $1 cardinal complete nan people of 2 donations earlier this month. He's not nan biggest megadonor pinch Wall Street ties. Citadel CEO Ken Griffin gave $5 cardinal earlier this summer. Interactive Brokers laminitis Thomas Peterffy has fixed a full of $3 cardinal this cycle. Other large names, including hedge money billionaires Paul Tudor Jones and Stephen Schwarzman person besides stepped in. Keystone Renewal, nan ace PAC, has spent complete $51 cardinal this cycle.

RealClearPolitics' polling mean shows McCormick has narrowed Casey's lead successful nan race's closing weeks. Casey now leads by astir conscionable 2 percent points. With complete $240 cardinal spent truthful far, nan title is among nan astir costly of this election.

The richest personification successful Pennsylvania, Yass has agelong been a awesome megadonor. According to The Washington Post, he was 1 of nan apical 5 awesome donors up of nan 2022 midterms, spending $48.2 million.

Yass received sizeable attraction earlier this twelvemonth erstwhile erstwhile President Donald Trump confirmed he had spoken pinch him. Yass holds a awesome liking successful TikTok's genitor company. Trump, who antecedently supported a prohibition connected nan celebrated societal media app if it didn't trim its to China, reversed himself and criticized nan Biden administration's support for a imaginable ban. Trump has said he did not talk nan app pinch Yass.

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