"President Donald Trump bought large chunks of debt tied to Netflix and Warner Bros. Discovery in the days after the two companies unveiled their blockbuster $83 billion merger, placing the White House in an awkward financial overlap with a deal his own administration may soon be asked to approve. A financial disclosure released this week revealed Trump acquired up to $1 million in corporate bonds from Netflix and a similar amount from entities linked to WBD, according to The Hollywood Reporter,"
"The purchases were split across two December transactions and disclosed in broad value ranges, rather than exact figures. While bonds are not shares and do not convey ownership or voting power, they do make the holder a creditor and someone who profits when a company remains solvent and stable. The distinction may be cold comfort if the NetflixWBD deal heads toward regulatory scrutiny. Any final decision would likely involve the Department of Justice, which would assess whether the merger harms competition."
President Donald Trump acquired up to $1 million in corporate bonds from Netflix and a similar amount from entities linked to Warner Bros. Discovery in two December transactions disclosed in broad value ranges. Bonds make holders creditors but do not convey ownership or voting power, so profits depend on company solvency and stability. The purchases followed the companies' announced $83 billion merger and could create a regulatory overlap if the deal faces antitrust review. Any final decision would likely involve the Department of Justice evaluating competition concerns. The White House says an independent financial adviser handles the president's trades.
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