Rep. Marjorie Taylor Greene (R-Ga.) disclosed her vital inventory purchases made simply earlier than and on the day of former President Donald Trump‘s announcement to pause international tariffs. This announcement had a considerable affect on the inventory market.
What Occurred: Primarily based on the data disclosed to the Home, Greene purchased shares valued between $21,000 and $315,000 on April 8 and 9. On April 8, she additionally bought Treasury payments value between $50,000 and $100,000, in accordance with the Benzinga Government Trades tracker.
Greene’s inventory purchases included shares in a number of corporations, comparable to Apple Inc. (NASDAQ:AAPL), which has since appreciated by roughly 5%. She additionally invested in different tech companies, power corporations like Devon Vitality Company (NYSE:DVN), and pharmaceutical big Merck & Firm (NYSE:MRK).
On April 8, Greene purchased shares in Palantir Applied sciences Inc. (NYSE:PLTR) and Superior Micro Units, Inc. (NASDAQ:AMD). These transactions occurred as authorities bond yields have been on the rise amidst the tariff turmoil.
This is a take a look at the shares Greene bought in the course of the interval:
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Adobe Inc. (NASDAQ:ADBE)
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Superior Micro Units (NASDAQ:AMD)
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Amazon Inc. (NASDAQ:AMZN)
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Apple Inc. (NASDAQ:AAPL)
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Utilized Supplies Inc. (NASDAQ:AMAT)
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ASML Holding N.V (NASDAQ:ASML)
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Blackstone Inc. (NYSE:BX)
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Cummins Inc. (NYSE:CMI)
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Devon Vitality Company (NYSE:DVN)
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FedEx Company (NYSE:FDX)
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JP Morgan Chase (NYSE:JPM)
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Merck & Firm (NYSE:MRK)
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Nike Inc. (NYSE:NKE)
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NVIDIA Company (NASDAQ:NVDA)
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Palantir Applied sciences (NASDAQ:PLTR)
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Qualcomm Inc. (NASDAQ:QCOM)
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Southern Copper Corp (NYSE:SCCO)
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Tesla Inc. (NASDAQ:TSLA)
Why It Issues: Greene’s inventory trades have raised eyebrows, particularly contemplating the timing of her purchases. The trades coincided with former President Trump’s tariff pause announcement, which led to a major surge within the inventory market.
This has led to requires an investigation into potential insider buying and selling associated to President Trump’s market communications earlier than the tariff pause announcement. Key Democratic lawmakers, together with Rep. Adam Schiff (D-Calif.) and Sen. Elizabeth Warren (D-Mass.), have expressed issues about doable corruption. Schiff and Warren identified a put up on Reality Social the place Trump encouraged buying stocks simply hours earlier than the tariff pause announcement that despatched markets hovering.
Rep. Hakeem Jeffries of New York urged a ban on inventory buying and selling by members of Congress following the revelation of Ms. Greene’s funding actions. He advised MSNBC on Monday, “We clearly should proceed to spotlight why that is problematic.”
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