Both stories raise a connection between Pelosi’s trades in Alphabet and a House Judiciary Committee’s vote on a number of antitrust efforts aimed at big technology titans like Alphabet, Amazon, Apple, Facebook, and Microsoft. When asked by Bloomberg, Speaker Pelosi’s spokesperson Drew Hamill said, “The speaker has no involvement or prior knowledge of these transactions.”So was there anything improper about Mr. Pelosi’s trades? Thus, Pelosi’s Alphabet trade on June 18 was an inevitability, whether the House subcommittee was meeting, or not. In the case of Alphabet, Pelosi nailed it: His premiums may have only cost a few hundred thousand dollars. New trades Pelosi has made such as calls in semiconductor Nvidia, e-commerce giant Amazon, and iPhone-maker Apple are already making money.

Source: Forbes July 08, 2021 15:22 UTC