Trump Media's stock price slides after Donald Trump and Kamala Harris debate
CBSN
Shares of the media business controlled by Donald Trump tumbled Wednesday, with investors appearing to downgrade the former president's chances of winning the U.S. presidential election following his debate with Vice President Kamala Harris.
Trump Media & Technology Group has become a financial barometer of sorts for Trump's electoral prospects given he owns roughly 60% of its shares and is closely identified with Truth Social, the company's conservative-leaning social media platform.
Trump Media's stock price fell sharply in morning trade on Wednesday, sliding $2.79, or 15%, to $15.84 — its lowest level since the shares made their public market debut in March. The stock is down 76% from its closing high of $66.22 on March 27, a day after it listed on the Nasdaq Composite index.
More than 2 million federal employees face a looming deadline: By midnight on Thursday, they must decide whether to accept a "deferred resignation" offer from the Trump administration. If workers accept, according to a White House plan, they would continue getting paid through September but would be excused from reporting for duty. But if they opt to keep their jobs, they could get fired.
More employees of the Environmental Protection Agency were informed Wednesday that their jobs appear in doubt. Senior leadership at the EPA held an all-staff meeting to tell individuals that President Trump's executive order, "Ending Radical and Wasteful Government DEI Programs and Preferencing," which was responsible for the closure of the agency's Diversity, Equity, and Inclusion office, will likely lead to the shuttering of the Office of Environmental Justice and External Civil Rights as well.
In her first hours as attorney general, Pam Bondi issued a broad slate of directives that included a Justice Department review of the prosecutions of President Trump, a reorientation of department work to focus on harsher punishments, actions punishing so-called "sanctuary" cities and an end to diversity initiatives at the department.