Business
Trump buys $82 million of corporate and municipal bonds
New disclosures posted Saturday by the US Office of Government Ethics show that Trump’s purchases of at least $82 million include bonds from Netflix, UnitedHealth Group, Boeing, Meta Platforms, Home Depot, Broadcom and Intel, of which the US government acquired a stake under his administration. He also purchased municipal bonds from US cities and local school districts, utilities and hospitals. The disclosures were dated October 17 and October 20 and released by OGE after the end of the government shutdown.
The reports, which all federal elected officials and appointees who trade must submit, don’t specify exact amounts or prices, since only broad ranges of transactions involving stocks, bonds, commodity futures and other securities are required. Trump reported no sales. In August, he reported 690 transactions, totaling at least $103.7 million in bond purchases.
President Donald Trump has bought municipal and corporate bonds this fall. These include investments in companies like Netflix, Boeing, and Intel. The US government recently took a stake in Intel. Trump also purchased bonds from cities, school districts, utilities, and hospitals. These transactions were disclosed by the US Office of Government Ethics. Trump reported no sales of these assets.
When the August report was issued, a senior White House official said that neither Trump nor any of his family members made the investment decisions. Independent financial managers made the bond purchases using programs that replicate recognised indexes when making investments, the official said, adding that OGE signed off on the filings.
Unlike his predecessors, Trump didn’t divest or move his assets into a blind trust with an independent overseer. His sprawling business empire is managed by two of his sons and operates in several areas that intersect with presidential policy.
On Intel, Trump sealed a deal in August that gives the US government an almost 10% stake in the company, an unusual market intervention the administration said was needed to protect domestic chip manufacturing.Intel has said the government would be a passive owner, with no board seat or other governance or information rights. The $8.9 billion investment is partly funded from the US Chips and Science Act passed under former President Joe Biden.
