Shares of companies in the crypto and prison industries rose Monday following Saturday’s failed assassination attempt on the presumptive Republican presidential nominee. Truth Social parent Trump Media & Technology Group, which is majority owned by Trump, closed up about 31 per cent Monday. (Reuters, The Logic)
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Shares of companies in the crypto and prison industries rose Monday following Saturday’s failed assassination attempt on the presumptive Republican presidential nominee. Truth Social parent Trump Media & Technology Group, which is majority owned by Trump, closed up about 31 per cent Monday. (Reuters, The Logic)
Talking point: Donald Trump is almost certain to win the nomination at the Republican National Convention, which began today in Milwaukee. A shooting at a Trump rally in Pennsylvania on Saturday, which wounded the ex-president’s ear and culminated in the death of the would-be assassin and an attendee, has invigorated his supporters. Trump, who has previously called crypto “a scam” and “a disaster waiting to happen,” has recast himself as a champion of the industry this election cycle. Private prison companies also stand to benefit from Trump’s promised crackdown on illegal immigration.
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