WASHINGTON, Jan 16 (Reuters) - U.S. President Donald
Trump purchased about $100 million in municipal and corporate
bonds from mid-November to late December, his latest disclosures
showed, including up to $2 million in Netflix and
Warner Bros Discovery ( WBD ) bonds just weeks after the
companies announced their merger.
Financial disclosures posted Thursday and Friday showed the
majority of Trump's purchases were municipal bonds from cities,
local school districts, utilities and hospitals. But he also
bought bonds from companies including Boeing Occidental
Petroleum and General Motors.
The investments were the latest reported assets added to
Trump's expanding portfolio while he is in office. It includes
holdings in sectors that benefit from his policies, raising
questions about conflicts of interest.
For example, Trump said in December he will have a say in
whether Netflix ( NFLX ) can proceed with its proposed $83 billion
acquisition of Warner Bros Discovery ( WBD ), which faces a rival bid
from Paramount Skydance ( PSKY ). Any deal to acquire Warner
Bros will need regulatory approval.
A White House official, who spoke on the condition of
anonymity, said on Friday that Trump's stock and bond portfolio
is independently managed by third-party financial institutions
and neither Trump nor any member of his family has any ability
to direct, influence or provide input regarding how the
portfolio is invested.
Like many wealthy individuals, Trump regularly buys bonds as
part of his investment portfolio. He previously disclosed at
least $82 million in bond purchases from late August to early
October.