In what could be his most important endorsement in the tight Senate primary, Michigan's largest and most influential union said El-Sayed was "someone we can trust to have our backs."

cross-posted from: https://lemmy.ml/post/48352422

Jun 05, 2026

“Having never taken a dime from corporate PACs, Dr. Abdul El-Sayed is someone we can trust to have our backs,” the union continued. “From Medicare for All to banning stock buybacks, Dr. Abdul El-Sayed is ready, eager, and well-equipped to move our core issues in the US Senate.”

But the endorsement of the storied UAW, which boasts over 350,000 active and retired members in Michigan, might be his biggest yet as he seeks to transition fully from insurgent to frontrunner.

“I am so honored and humbled,” El-Sayed said on social media as he prepared to join striking UAW Local 2093 American Axle workers on the picket line in Three Rivers on Friday. “Michigan union autoworkers built the American middle class and proved that when people stand together, there’s nothing we can’t accomplish. Solidarity forever.”

  • ALoafOfBread@lemmy.ml
    0·
    1 day ago

    Bringing stock buybacks up as a policy issue would be fantastic.

    As a reminder, up until 1982 with the Reagan era introduction of Rule 10b-18, stock buybacks were often just illegal market manipulation. Most buybacks were explicitly made illegal before that by the Securities Exchange Act of 1934 because they artificially inflate stock prices allowing for bubbles, rug pulls, general instability and shenanigans.

    Now companies do this nonstop to manipulate their stock prices and get off scott free due to the 10b-18 safe harbor provision.