Investing

Trump’s Sons Back Friend’s Penny Stock, Spurring 84% Price Jump

Donald Trump Jr. at the Republican National Convention on July 16.Photographer: David Paul Morris/Bloomberg
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Two of President Donald Trump’s sons are investingBloomberg Terminal in a small, unprofitable biotechnology firm-turned-investment bank headquartered in Trump Tower, adding to the first family’s growing list of business interests from within its own orbit.

Donald Trump Jr. and Eric Trump also joined the advisory board of the firm, Dominari Holdings Inc., according to a statementBloomberg Terminal Tuesday. The news sent shares of Dominari — which traded below $1 as recently as December — surging as much as 84%. That followed a 91% gain on Monday.