World's Fifth Richest Person Backing This Republican Candidate In 2024 Election Campaign To Defeat Donald Trump
Portfolio Pulse from Chris Katje
Larry Ellison, co-founder and executive chairman of Oracle Corporation (NYSE:ORCL), is backing Sen. Tim Scott for the 2024 Republican presidential nomination. Ellison is reportedly planning to make an eight-figure donation to a political action committee connected to Scott's campaign. This could potentially be the largest contribution in the 2024 Republican presidential primary so far.
August 10, 2023 | 10:29 pm
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NEUTRAL IMPACT
Oracle's Larry Ellison's political involvement could potentially impact the company's public image and stock price.
While Ellison's political activities are personal, they could potentially impact Oracle's public image, particularly among customers and investors who have differing political views. However, it's uncertain how this will directly affect Oracle's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75