Trump purchases $100 million in bonds from Netflix and Warner Bros.

Donald Trump, the president of the United States, purchased around $100 million worth of municipal and corporate bonds between mid-November and late December. This included up to $2,000,000 in bonds for 'Netflix' or Warner Bros Discovery, just weeks after these companies announced their merger.

Trump bought municipal bonds from local school districts, hospitals, and utilities. He also purchased bonds from Boeing, Occidental Petroleum, and General Motors.

These investments are the latest assets that Trump has added to his portfolio during his tenure in office. The investments are in sectors that benefit from Trump's policies, which raises questions about conflict of interest. In December, for example, Trump said he would have a voice in deciding whether Netflix could proceed with its $83 billion proposed acquisition of Warner Bros Discovery. This deal is facing a competing bid from Paramount Skydance. Any deal to buy?Warner Bros would need regulatory approval.

An anonymous White House official said on Friday that Trump's bond and stock portfolio was independently managed by third-party institutions. Neither Trump nor members of his family have any influence over the investment of the portfolio. Trump, like many wealthy people, regularly purchases bonds for his investment portfolio. He had previously disclosed that he purchased bonds worth at least $82 millions between late August and early October. Reporting by Nandita BOSE in Washington, Editing by Sergio Non & Cynthia Osterman

(source: Reuters)