- The president purchased as much as $5 million in stock in law enforcement technology company Axon in February.
- Two weeks after the president's purchase, Immigration and Customs Enforcement (ICE) announced a proposed $220 million contract for energy weapons, which was likely to go to Axon. Axon's share price subsequently jumped over 34 percent.
- The president continued to buy and sell shares in Axon throughout February and March, and he appears to have retained at least a six-figure stake in the company, according to the financial disclosures, which cover the first three months of 2026.
- Watchdog groups expressed concern that the president could benefit financially from his administration's expansion of immigration enforcement.
- The White House said there were no conflicts of interest surrounding the potential contract, which has not been awarded yet.
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