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VisitAt Mar-a-Lago, Trump Asks Oil Execs for $1 Billion, Vows to Target EVs, Roll Back Biden Policies
May 9, 2024, 11:48 AM
At a recent dinner at Mar-a-Lago Club, former President Donald Trump met with top oil executives and requested they raise $1 billion to support his campaign to return to the White House. Trump promised to target electric vehicles (EVs) and roll back President Biden's climate and environmental regulations. He argued that the financial contribution would be a 'deal' for the executives, citing the potential for reduced taxation and lower regulations on big oil that would benefit their businesses. Trump's request reportedly stunned several of the executives present.
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Markets
Yes • 50%
No • 50%
Public endorsements or statements from major oil companies
No • 50%
Yes • 50%
Public campaign statements, official campaign policy documents
No • 50%
Yes • 50%
Federal Election Commission reports, public statements from Trump's campaign
Full rollback • 33%
No rollback • 33%
Partial rollback • 34%
Legislative actions, executive orders, and official statements post-inauguration
Very low support (less than $250 million) • 25%
High support (over $750 million raised) • 25%
Moderate support ($500 million to $750 million) • 25%
Low support ($250 million to $500 million) • 25%
Public statements, campaign finance disclosures
Significant drop in EV stocks • 33%
Minor impact on EV stocks • 34%
No impact on EV stocks • 33%
Stock market data, particularly stocks of major EV manufacturers