US President Donald Trump bought at least $82 million worth of corporate and municipal bonds between Aug. 28 and Oct. 2, financial disclosures under the Ethics in Government Act of 1978 were disclosed on Saturday (local time), according to Reuters.
The corporate bonds Trump has bought include offerings from chip makers like Broadcom and Qualcomm, tech firms like Meta Platforms, retailers including Home Depot and CVS Health, and big Wall Street institutions like Goldman Sachs and Morgan Stanley.
His purchases of investment bank debt since late August also involved JP Morgan bonds.
Meanwhile, Trump on Friday urged the US Justice Department to open an investigation into JP Morgan over its links to late financier and convicted sex offender Jeffrey Epstein. The bank said it regretted its previous relationship with Epstein and that it did not assist him in carrying out the “heinous acts”. Trump also bought Intel bonds after the US government took an ownership stake in the company under his leadership.
(This is a developing story. More to come)
