Regeneron CEO's son is vying for Congress

The son of Regeneron CEO Ned Schleifer is angling for a seat in the House of Representatives. Adam Schleifer, a 38-year-old former federal prosecutor in California, has spent more than $4 million so far as he vies for an open seat in a Democratic district just north of New York City.

The fight between Schleifer and other Congressional contenders is becoming particularly heated, given that few have the same access to capital as the son of a pharmaceutical billionaire.

“If he wins, it shows that you can buy an election,” one prominent Democratic fundraiser told the New York Times.