Trump to reportedly unveil Medicare drug pricing plan after teasing ‘earth-shattering’ announcement – live

Trump’s upcoming announcement is to revive his plan to lower Medicare drug costs, CBS reports, a policy blocked during his first term and scrapped by Biden administration

Large institutional investors have massively increased their holdings of Trump Media and Technology Group (TMTG) in recent months according to SEC filings, with many enlarging their positions by hundreds of millions of dollars.

The revelations raise further questions about big business’s desire to curry favor with Donald Trump and his administration via the enterprises he has maintained or commenced. TMTG runs the Truth Social social media platform – on which the US president himself posts almost daily – as well as financial services and a film and TV streaming service.

Donald Trump’s refusal to divest from his publicly traded company has predictably prompted huge investments from wealthy special interests that could use a favor from the president.

Institutional Wall Street investors and even a foreign company with business before the administration have effectively offered a form of tribute by bulk purchasing shares in DJT on the open market, which helps juice the value of Trump’s own shares.