President Trump purchased up to $2 million of Netflix and Warner Bros. Discoverybonds in December in the days after the streaming giant agreed to buy Warner’s studios and HBO Max streaming business for $72 billion.
A financial disclosure form released by the White House showed that Trump bought between $250,001 and $500,000 of Netflix NFLX -0.06%decrease; red down pointing triangle bonds on Dec. 12, and again on Dec. 16. He also bought bonds valued in that range for Discovery Communications LLC, a Warner subsidiary, on the same dates.
The disclosure form was dated Jan. 14, with a list of 191 bond purchase and sale transactions, including municipal bonds and debt for CoreWeave CRWV 6.55%increase; green up pointing triangle, Victoria’s Secret, Boeing, Macy’s and other companies.
The form didn’t disclose if an outside firm executed the trades on Trump’s behalf. The transactions weren’t given exact values, but the disclosure form provided ranges; some were in the $15,001 to $50,000 band, while at the high end, others were listed in the range of just over $1 million to $5 million.
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