Former Bridgewater CEO McCormick Launches Senate Run in Pennsylvania

David McCormick speaks during a campaign event in Danville, Pa., in April 2022.Photographer: Hannah Beier/Bloomberg

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By Jonathan Tamari (BGOV)

September 21, 2023 at 10:27 PM UTC

Updated on

September 21, 2023 at 10:49 PM UTC

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David McCormick, former CEO of the hedge fund Bridgewater Associates, launched a US Senate bid in Pennsylvania Thursday, thrilling national Republicans who see him as their best chance to flip a crucial swing seat.

McCormick, 58, immediately became the GOP favorite to challenge incumbent Sen. Bob Casey (D) in what’s likely to be one of the country’s most expensive and hotly contested Senate races.