Marketplace All-in-One
Will business leaders defend the election outcome?
· Summarized
Key takeaways
- Business leaders in Arizona and Wisconsin are building public campaigns and direct outreach to ensure candidates respect and certify election results, treating election legitimacy as essential to a strong economy.
- Federal action against scams has increased but remains insufficient and poorly coordinated, despite Americans losing $260 billion in the last year.
- People who face urgent requests or suspicious links should pause, consult a trusted person, and independently visit the relevant website rather than clicking the message.
- Senator Hassan supports centralizing scam reports and giving federal agencies stronger real-time detection and shutdown capabilities.
Summary
Business leaders prepare to defend election certification
Marketplace reported that business leaders are urging candidates to accept election results after legitimate appeals, arguing that election legitimacy is an economic issue because disruption harms business and institutions. Arizona insurance executive John Fees said business leaders were too silent during efforts to overturn Joe Biden’s 2020 victory, so his group questioned candidates in six statewide races. In Wisconsin, shoe executive Tom Florsheim is organizing a phone tree of about 50 leaders who could press politicians to certify the results.
Maggie Hassan says AI has made scams an industrial-scale threat
New Hampshire Senator Maggie Hassan said Americans lost $260 billion to scams in the past year, with AI helping turn fraud into a global criminal enterprise operating at industrial scale. She said at least eight federal agencies have some jurisdiction but lack coordination and clear resource commitments; banks are more sophisticated than social-media platforms at prevention. Hassan advised targets to slow down, consult someone they trust, and access websites directly rather than clicking links. Her bill with Senator Rick Scott would centralize scam reporting and give the government tools to detect and stop fraud faster.
Sponsors
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- Wise · Wise says customers sending money internationally can avoid hidden bank fees, receive an exchange rate comparable to Google’s rate, and have most transfers arrive in under 20 seconds. Terms and conditions apply.
Show notes
With Election Day almost upon us, some business leaders are urging candidates and public officials to respect the voting process and abide by election results. They argue that free and fair elections are essential to a functional economy. This morning, we'll learn what actions the business community is taking. Then, New Hampshire Senator Maggie Hassan joins the program to discuss financial scams and what more federal agencies and private firms can do to prevent them.
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