Trump's $1M Dell Stock Purchase Draws Scrutiny After Pentagon Awards $9.7B Contract to Dell
By
Eric Lipton
Lightly toasted, lightly seasoned, mostly correct.
Summary
President Trump purchased over $1 million in Dell Technologies stock earlier this year, which is now drawing scrutiny after the Pentagon announced a $9.7 billion defense contract with Dell. The president's family claims his stock purchases are automatically timed, but the timing of these acquisitions raises ethical questions. The article also mentions Michael and Susan Dell pledging $6.25 billion to launch the "Trump accounts" program for children's investment savings accounts.
Key quotes
· 3 pulledThe president's family says his stock purchases are automatically timed, but recent acquisitions of the computer company's shares raise questions.
President Trump earlier this year purchased more than $1 million in the stock of Dell Technologies, a transaction that is drawing scrutiny after the Pentagon this week announced a $9.7 billion defense contract.
Michael and Susan Dell pledged in December to donate $6.25 billion to kick off the 'Trump accounts' program that creates special investment savings accounts with tax benefits for American children.
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