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Trump Disclosure Shows About $100 Million in Bond Buys, Including Netflix and Warner Bros. Discovery Debt After Deal Announcement

The White House cites independent management to counter conflict-of-interest concerns.

Overview

  • A Jan. 14 ethics filing reports 189 purchases and two sales between Nov. 14 and Dec. 29, reflecting roughly $100 million in municipal and corporate bonds.
  • Trump bought two tranches each of Netflix and Discovery Communications bonds on Dec. 12 and Dec. 16, with each purchase reported in the $250,001–$500,000 range.
  • Most transactions were municipal debt, alongside corporate bonds from companies including Boeing, General Motors, Occidental Petroleum, SiriusXM, Macy’s and Victoria’s Secret.
  • The timing follows Netflix’s proposed $83 billion acquisition of Warner Bros. Discovery, a deal expected to undergo regulatory review that Trump has said he intends to weigh in on.
  • A White House official said the portfolio is run by third-party managers using discretionary accounts, and disclosure rules provide only broad value ranges rather than exact amounts.