President Donald Trump bought and sold stocks worth at least $220 million involving companies such as Apple, Nvidia, Apple, Microsoft and Tesla, whose executives he has hosted at the White House and on his trip last week to China.
The big-dollar trading raised alarms among Democratic lawmakers and ethics advocates who contend the transactions represent a conflict of interest for the president, according to USA Today. Many of the companies are regulated by the federal government or could benefit from Trump including them at official conferences, the article adds.”
“Neither President Trump, his family, nor The Trump Organization plays any role in selecting, directing, or approving specific investments,” the Trump Organization said in a statement to USA Today. “They receive no advance notice of trading activity and provide no input regarding investment decisions or portfolio management of any kind.”
Speaking of Apple and Trump, Trump supposedly personally brokered the deal between the tech giant and Intel. Last week The Wall Street Journal reported that Apple and Intel had struck a deal to produce chips. Now analyst Ming-Chi Kuo says in an X post that Intel has already started work on processors for the iPhone, iPad, and Mac.
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