Trump Says He’ll Begin Jan. 6 Pardons in ‘First Hour’ of Presidency

Published On Dec 12, 2024, 8:00 AM

Amazon announced it plans to donate $1 million to President-elect Donald Trump's inaugural fund, an effort to mend relationships with the Trump administration. This follows similar donations from other tech companies like Meta. Despite a history of tension between Trump and Amazon’s founder Jeff Bezos, recent statements indicate a more collaborative approach as Amazon aims to support regulatory reductions under the incoming administration. The donation aligns with the trend among corporations looking to gain favor with new government leadership, as donations to inaugural funds have no limits.

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Stock Forecasts

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With Amazon (AMZN) actively engaging with the new administration and signaling a willingness to adapt to regulatory changes, investor sentiment may improve regarding the company's future growth potential. The alignment with Trump’s plans for deregulation could bode well for Amazon's operational flexibility and profitability, making it a favorable stock in the short to medium term.

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