Overview
- Paul Pelosi executed $38 million in stock trades in the weeks before President Trump's inauguration, including selling $24 million in Apple shares and $5 million in Nvidia stock.
- He purchased $100,000 worth of call options in Tempus AI, a healthcare AI company, which saw its stock price surge 60% following the disclosure of his investment.
- The Pelosis' stock portfolio reportedly delivered a 70% return in 2024, significantly outperforming market averages and raising questions about potential insider knowledge.
- Nancy Pelosi has consistently opposed legislative efforts to ban stock trading by lawmakers and their spouses, despite bipartisan criticism over perceived conflicts of interest.
- The revelations have reignited debates over the STOCK Act and whether stricter regulations are needed to prevent lawmakers from potentially profiting from privileged information.