Apollo Global Management, a $900 billion asset manager, is considering moving its second US headquarters to Texas or Florida as New York City's new mayor, Zohran Mamdani, mulls increasing taxes on corporations. The move is seen as a reaction to an increasingly unfriendly business climate in the Big Apple. The firm expects most of its future hiring to be in Texas rather than Manhattan. Maddani has pushed for increased corporate tax and increased taxes on rich individuals, and has threatened to increase city property taxes 9.5% if the state doesn't act.