Lawmaker Stock Trading

Author

Jay Lutz
July 11, 2024

Lawmaker Stock Trading

A bipartisan group of senators has reached an agreement to ban lawmakers from trading stocks. The proposed legislation, crafted by Democratic Senators Jon Ossoff, Gary Peters, and Jeff Merkley, and Republican Senator Josh Hawley, would prohibit members of Congress from buying or selling stocks.

The bill aims to take effect 90 days after being signed into law. Additionally, it sets a timeline for banning stock trades by lawmakers’ spouses and dependent children starting in March 2027.

You can read more on the matter here.

Cytophage is a pioneering biotechnology company dedicated to bacteriophage research, product development and commercialization. Committed to addressing the global challenge of antibiotic resistance, Cytophage advances innovative products that harness the power of bacteriophages to combat bacterial infections affecting human health, animal health, and food security.

What’s going on?

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  • Monthly US consumer prices post first drop in four years (Reuters)

  • Britain’s largest water utility placed under special measures as it grapples with $20 billion debt pile (CNBC)

  • Be a Contrarian or Be a Victim: Rick Rule on Resource Investing (theDeepDive)

  • Biden's bruising day sinks hopes Democrats will move on (BBC)

  • Canada makes submarine procurement announcement after days of defence-spending criticism from NATO allies (Globe)

  • AOC: Congress Has An “Obligation To Impeach” Supreme Court Justices (theDeepDive)

  • Hedge funds turn to South Korea for next wave in AI (Reuters)

  • NATO condemns China as a ‘decisive enabler’ of Russia’s war in Ukraine in most serious rebuke to date (CNBC)

  • Israeli Report Suggests Up To 369% Floating Levy on Canadian Cannabis Imports (theDeepDive)

Gold production growth with Aris Mining

The stock market and stuff

  • Bipartisan Group of US Senators Reaches Deal to Ban Lawmaker Stock Trading (theDeepDive)

  • Yen Jumps 2% After US Inflation, Spurring Talk of Intervention (Bloomberg)

  • Delta shares fall as a glut of flights drives down fares despite high demand (CNBC)

In the juniors

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  • Gold Price Disconnect: Physical Demand vs. Paper Markets (theDeepDive)

  • Flat Gold Project: Tectonic Metals’ Tier One Opportunity (theDeepDive)

  • Significant Uranium Mineralization Discovered in ATHA Energy’s Angilak Drilling (theDeepDive)

FULL DISCLOSURE: Cytophage Technologies is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Cytophage Technologies. The author has been compensated to cover Cytophage Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.