the solution wall street

Wall Street veteran Nelson Peltz hosted a $5,000-a-plate fundraiser for Sen. Joe Manchin at the billionaire’s sprawling Florida estate last month, where several top executives said they privately hoped the conservative Democrat would switch parties and run against President Joe Biden in the 2024 election, CNBC has learned. Peltz, who is a co-founder of investment fund Trian Partners, hosted Manchin along with at least 50 executives for a lunch aimed at raising funds for the West Virginia lawmaker’s reelection campaign, according to someone who attended the event. They declined to be named in order to discuss the private event. A spokeswoman for Peltz confirmed that the longtime finance executive hosted the fundraiser and reaffirmed the billionaire’s support for Manchin. Emails to Manchin’s campaign office and a call to his Capitol Hill office weren’t immediately returned. Manchin has previously said he has no plans to switch parties. “Mr. Peltz supports Mr. Manchin. He believes Mr. Manchin is a rare elected politician from both sides of the aisle who puts country before party, something which Mr. Peltz believes is much needed in our country today,” Anne Tarbell, Peltz’s spokeswoman, said in an email to CNBC. Peltz told CNBC last year that he speaks to Manchin every week and has been personal friends with him for a decade.