Boeing and Google give $1m each to Trump's inauguration
Published On Jan 9, 2025, 10:18 PM
Boeing and Google have each donated $1 million to the inauguration fund for President-elect Donald Trump. This follows a trend of donations from other major companies such as Chevron, Meta, Amazon, and Uber. Boeing is looking to recover from past operational challenges and is also involved in building new Air Force One jets. Google's support includes a livestream of the inauguration on its platform. These contributions are a continuation of the companies' past practices of supporting U.S. presidential inaugural committees.
Stock Forecasts
BA
Neutral
Boeing is currently trying to recover from a safety crisis and is under pressure to rectify its operational issues. The donation to the inauguration may create goodwill with the new administration, potentially leading to favorable government contracts. However, its historical struggles and ongoing losses might weigh down stock performance in the short term. Investors should remain cautious.
GOOGL
Positive
Google, as a subsidiary of Alphabet Inc., is investing in political goodwill which may help ease regulatory scrutiny it faces from the current administration. The company's dominant position in digital advertising and cloud services seems secure, and strategic partnerships may strengthen its market lead. Hence, the outlook appears favorable for the long term.
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