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Trump's children, stock buying spree in the spotlight

News | 2026/07/03 01:11

Trump's children, stock buying spree in the spotlight

Trump defends his family's business dealings

U.S. President Donald Trump gave CNBC an exclusive interview defending his children's business dealings, which have been heavily scrutinized by critics. Trump noted that almost anything his children do could be considered a conflict of interest, and they face unusually broad scrutiny due to presidential policies that touch nearly every part of the economy. "I tell my kids, 'stay away,'" Trump said. "But they also have a life. You know, they were doing business long before I ever thought of ... running for president."
Trump stated that there was "nothing illegal" or "wrong" with his crypto venture, after his 2025 financial disclosure report showed more than $580 million in crypto-related income, including about $515 million from Trump-linked World Liberty Financial token sales and $65 million from sales of equity in WLF's holding company.
While Trump faces political stress, OpenAI is boosting efforts to defuse pressure from Washington by reportedly proposing to hand the U.S. government a 5% stake in the company.
Major U.S. AI firms are facing growing pressure as Washington becomes increasingly cautious of cybersecurity vulnerabilities associated with their models.
On the geopolitical front, fresh escalating tensions draw concern as Russia launched a massive missile and drone attack on Ukraine.

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