Industrial action at the key gas producer could start on September 2; Rupert Murdoch is urging Glenn Youngkin to run for US president; bond carnage in focus before Jackson Hole; Citigroup bought $25 million of Russian aluminium despite it being shunned by others. Follow the latest here.
Media mogul Rupert Murdoch has repeatedly encouraged Virginia’s Republican governor, Glenn Youngkin, to run for president in 2024, according to two people familiar with entreaties made in at least two face-to-face meetings.
It was not publicly known until now that the New York billionaire, whose family owns a controlling stake in News Corp and Fox, had personally encouraged Youngkin to jump in, although the Virginia governor is thought to be waiting to see if his party prevails in the November state election before making a decision on whether to run.
A Fox spokesman said Murdoch was not available for an interview. Dave Rexrode, chairman of Youngkin’s Spirit of Virginia PAC, did not respond to questions about Murdoch but said the recent flurry of attention from his media empire stems from Youngkin’s success in Virginia. One of the people familiar with the conversations between Murdoch and Youngkin cautioned that Murdoch has previously urged others to get into the ring with Trump, as he did with former New York mayor Mike Bloomberg during the 2016 Republican primary. “Not everyone listens to Rupert, and Rupert’s instincts are not always perfect,” this person said. “But he has always believed that some competition is better than none at all, and he would like to see some debate about the issues in the primary.
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