According to his most recent reports, U.S. President Donald Trump bought over $100 million in corporate and municipal bonds between mid-November and late December, including up to $2 million in bonds from Netflix and Warner Bros.
Discovery only weeks after the firms announced their merger. The bulk of Trump's purchases, according to financial filings made public on Thursday and Friday, were municipal bonds from local hospitals, utilities, schools, and localities. However, he also purchased bonds from businesses like General Motors and Boeing Occidental Petroleum.
The investments were the most recent items to be reportedly added to Trump's growing holdings during his tenure. It raises concerns about conflicts of interest because it includes assets in industries that profit from his actions.
For instance, Trump stated in December that he would have a voice in whether Netflix can move forward with its proposed $83 billion acquisition of Warner Bros. Discovery, which is up against a rival bid from Paramount Skydance. Regulatory permission is required for any acquisition of Warner Bros.
Speaking on the condition of anonymity, a White House official stated on Friday that third-party financial institutions independently manage Trump's stock and bond portfolio, and neither Trump nor any member of his family has any control over how the portfolio is invested.
Trump often acquires bonds as part of his investing portfolio, just like many other affluent people. He previously revealed purchasing at least $82 million worth of bonds between late August and early October.
