House Speaker Nancy Pelosi (D-CA) on Thursday denied her husband has ever made a stock purchase or sale based on information he received from her.
“Has your husband ever made a stock purchase or sale based on info received from you?” a reporter asked Pelosi during her weekly briefing.
“No! Absolutely not, okay, thank you,” Pelosi said as she walked away from the lectern.
Reporter: “Has your husband ever made a stock purchase or sale based on info received from you?”
Pelosi: “No, absolutely not.”
The Pelosi’s recently bought shares in Nvidia, $NVDA, worth millions.
Nancy Pelosi backs the CHIPS Plus bill, a $52B semiconductor bill. pic.twitter.com/uMNIRVxg44
— unusual_whales (@unusual_whales) July 21, 2022
Paul Pelosi, the husband of Speaker of the House Nancy Pelosi, bought up to $5 million in stock options in a computer-chip company back in June.
Paul Pelosi bought anywhere between $1 to $5 million in Nvidia stock options.
The New York Post reported:
House Speaker Nancy Pelosi’s husband purchased up to $5 million in stock options on a computer-chip company ahead of a vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry, new financial disclosures show.
Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.
There just happens to be a vote in the Senate to boost the U.S. semiconductor industry upcoming. It could come as early as Tuesday.
This will deliver billions in subsidies for the chip-manufacturing industry.
Voting in the Senate on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, Senate Majority Leader Chuck Schumer has been telling lawmakers, a source familiar with the issue said on Thursday.
The source said the bill would include, at a minimum, billions of dollars in subsidies for the semiconductor industry and an investment tax credit to boost U.S. manufacturing.
Nothing to see here, move along.
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