Judge Largely Lifts Trump Gag Order In New York Hush-Money Case; Allows Trump To Discuss Witnesses And Jurors
Portfolio Pulse from Benzinga Newsdesk
A judge has largely lifted the gag order on former President Donald Trump in the New York hush-money case, allowing him to discuss witnesses and jurors. This development could have implications for companies associated with Trump, such as Digital World Acquisition Corp (DWAC) and Rumble Inc. (RUM).
June 25, 2024 | 5:53 pm
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The lifting of the gag order on Trump may lead to increased media attention and volatility for Digital World Acquisition Corp (DWAC), which is set to merge with Trump's media company.
The ability of Trump to discuss the case publicly may result in heightened media coverage, which could drive interest and trading volume in DWAC, potentially leading to short-term price increases.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rumble Inc. (RUM), a platform favored by Trump supporters, may see increased user engagement and activity following the lifting of the gag order.
As Trump is now able to discuss the case, his supporters may turn to platforms like Rumble for updates and discussions, potentially increasing user activity and engagement on the platform.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60