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The Guardian - US
The Guardian - US
World
Hugo Lowell

Trump Media deal faces calls for inquiry over alleged ‘influence peddling’

Trump Media Donald Trump ES Family Trust Hunter Biden Joe Biden Kyle Herrig Michael Shvartsman Congressional Integrity Project
a screen displays the share price for the Trump Media and Technology Group
The share price for the Trump Media and Technology Group after the company began trading in New York on 26 March 2024. Photograph: Justin Lane/EPA

Democratic groups escalated calls on Thursday for Congress to investigate Donald Trump’s social media company Trump Media after a report that it relied partly on emergency loans in 2022 traced back to a Russian-American under federal criminal investigation to make it to its stock market debut.

The move increased political scrutiny into the merger between Trump Media Technology Group and the blank-check company Digital World Acquisition – which could net Trump about $4bn – as federal prosecutors secured guilty pleas from two investors who insider-traded on the deal.

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