What Is FLU

On September 9, U.S. President Donald Trump disclosed that his top nine oil and gas company holdings appreciated an estimated $1.5 to $4.4 million between February 27 and August 31, just before the outbreak of the Iran war. The relevant holdings include ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, and several refining and pipeline companies. Trump's investment account continued to buy and sell energy stocks during the war. As of June 29, the account reported at least 23 transactions involving related stock sales. On March 2, the first trading day after the U.S. and Israel's initial strike on Iran, his account purchased stocks from eight oil and gas companies, including ExxonMobil shares valued between $100,000 and $250,000. On March 23, before the market opened, Trump delayed strikes on Iranian energy facilities, leading Brent crude oil to drop nearly 11% that day; his account reported 16 purchases of oil and gas stocks, totaling approximately $163,000 to $570,000. On April 7, his account sold ExxonMobil shares valued between $500,000 and $1 million; about two and a half hours later, Trump announced a ceasefire with Iran, and the stock opened down more than 6% the following day. Due to the disclosure documents not providing exact share quantities, transaction prices, and sale batches, the above estimates do not represent actual realized profits or current precise holdings. CNBC also found no evidence that Trump directed trades, had prior knowledge of relevant decisions, or that personal interests influenced policy. The White House stated that the portfolio is entirely managed by independent managers.

On September 9, U.S. President Donald Trump disclosed that his top nine oil and gas company holdings appreciated an estimated $1.5 to $4.4 million between February 27 and August 31, just before the outbreak of the Iran war. The holdings include ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, and several refining and pipeline companies. Trump's investment account continued to trade energy stocks during the war. As of June 29, the account reported at least 23 transactions involving related stock sales. On March 2, the first trading day after the U.S. and Israel's initial strike on Iran, his account purchased stocks from eight oil and gas companies, including ExxonMobil shares valued between $100,000 and $250,000. On March 23, Trump delayed strikes on Iranian energy facilities before the market opened, leading to a nearly 11% drop in Brent crude oil prices that day. His account reported 16 purchases of oil and gas stocks, totaling approximately $163,000 to $570,000. On April 7, his account sold ExxonMobil shares valued between $500,000 and $1 million; about two and a half hours later, Trump announced a ceasefire with Iran, and the stock opened down over 6% the next day. Due to the disclosure documents not providing exact share quantities, transaction prices, and sale batches, the above estimates do not represent actual realized profits or current precise holdings. CNBC also found no evidence that Trump directed trades, had prior knowledge of related decisions, or that personal interests influenced policy. The White House stated that the portfolio is managed entirely by independent managers.

On September 9, CNBC reported that Robinhood CEO Vlad Tenev responded to AMC CEO Adam Aron's criticism of stock token operations, stating that once a company goes public, its stock becomes a transferable asset, and other financial institutions should be able to create financial products referencing the relevant stock without obtaining permission from the issuer. Tenev noted that while public companies have the right to control their own stock issuance rights and obligations, they cannot control the issuance of securities by other companies that reference their stock. Robinhood's stock tokens are issued by independent entities and are backed by the underlying stock, so there should not be an automatic requirement to obtain the public company's consent. Tenev also acknowledged that holders of stock tokens do not have voting rights in the underlying company. These tokens are designed as debt securities backed by the underlying stock. As for how Robinhood will exercise the voting rights associated with the underlying stock, the company stated that it has not yet announced any related plans.