‘It’s a Trump Day’ as Stocks Tied to Ex-President Stage a Rally
- Trump’s blank check company seeks $1 billion in financing
- Social media fuels heavy trading in Trump-linked stocks
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Donald Trump is helping to spark a rally in some stocks Thursday following a report that the former president’s media group is in talks to raise as much as $1 billion.
Digital World Acquisition Corp., the blank-check company set to bring Trump Media & Technology Group to the market, surged as much 22% after Reuters reported that the nascent social venture is holding discussions on financing. The news is boosting other stocks with ties to Trump.