Trump name-dropped Nokia and Eli Lilly in a Pennsylvania speech.
Here’s what happened to 5 other stocks he singled out As President Donald Trump stood on a podium in Pennsylvania’s Lehigh Valley, he went apparently off script to name check a pair of companies (1)
Pharmaceutical giant Eli Lilly, which he called “a great company,” was touted for investing $3.5 billion in a manufacturing facility. And Nokia, he said, was investing $30 million to expand its semiconductor packaging and testing facility. The companies got the shout-outs for bringing jobs to the state and for their investments in American facilities.
But when Trump talks positively about publicly traded companies, skeptics start probing deeper. Must Read Since the beginning of his second term, Trump has mentioned many companies that Americans later learned he had invested in personally. Often the disclosure of those stock purchases doesn’t come about until well after the favorable mention. (He has not disclosed any ownership stake in Nokia, but holds shares (2) in Eli Lilly.) Trump’s assets are in a trust managed by his children.