Blackstone's Steve Schwarzman backs Trump

Stephen A. Schwarzman — chairman, CEO and co-founder of Blackstone, the private equity and real estate giant — tells Axios he will support Donald Trump as a "vote for change."

Schwarzman said Friday that he plans to donate to Trump and various Republican Senate candidates.

Why it matters: The endorsement gives Trump access to a potent network of Republican donors Schwarzman has cultivated. Trump also could get a new look from some business leaders who have been reluctant to back him.

Schwarzman, a billionaire and lifelong moderate Republican, was one of...