Donald Trump bought at least $1m worth of bonds in Netflix and Warner Bros Discovery (WBD), according to a financial disclosure form, days after he said would “be involved” in a proposed merger between the two companies.

The White House released a financial disclosure report on Friday which showed that Trump made two purchases from Netflix and two purchases from WBD, each amounting to at least $502,000.

Trump bought the bonds on 12 December and 16 December, a little more than a week after Netflix agreed to buy WDB in an $82.7bn deal.

The purchase is subject to regulatory clearance and is sure to raise eyebrows given Trump has said he will be engaged in that process.

“They have a very big market share,” Trump told reporters at the Kennedy Center on 7 December, two days after the deal was announced and five days before he began to purchase Netflix and WBD bonds.

    • hector@lemmy.today
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      1 day ago

      They, and the entire legal industry, courts, government bureaucrats, all think the republic is dead already. The rules do not apply.

      It is only voters that do not know it, or accept it in our cases.

      Only self interest matters to our leaders across the board from business to government to organizations. They are nihlists, they believe in nothing.

      The plain language of the constitution was ratfucked before we were born in other ways it is not unprecedented. The bill of rights is a joke.

      The feds have ammassed power forbidden in that highest law. They regulate interstate commerce. That has been drawn so wide as to allow a federal reign of terror on false pretexts incoming. Martial law under false pretense. Soon first half plausible excuse if not now. Then escalations, ghettoization of others, etc.

      It was drawn too wide in the 19th century. A landmark case the feds forbid growing wheat under some rules to prop prices up, a farmer grew his own for personal consumltiin, feds took him to court anx won.

      By not buying on the market as he made his own that lowered demand and was therefore interstate.