Trump Granted Partial Immunity By Supreme Court, Ruling Says 'The President Is Not Above The Law': Dissenting Justice Criticizes Mockery Of Constitution
Portfolio Pulse from Chris Katje
The Supreme Court ruled that former presidents, including Donald Trump, have immunity for acts within their Constitutional authority while in office, but not for unofficial acts. This ruling could impact Trump's pending court cases ahead of the 2024 election. The decision was made with a 6-3 vote, with Chief Justice John Roberts issuing the majority opinion and Justice Sonia Sotomayer dissenting. The ruling may delay cases against Trump until after the 2024 election.
July 01, 2024 | 2:58 pm
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POSITIVE IMPACT
Shares of Trump Media & Technology Group (NASDAQ:DJT) rose 2% following the Supreme Court ruling that former presidents have immunity for official acts. This ruling could delay Trump's pending cases until after the 2024 election, potentially reducing immediate legal risks.
The Supreme Court ruling provides a temporary relief from legal risks for Trump, which positively impacts DJT's stock price. The delay in legal proceedings until after the 2024 election reduces immediate uncertainties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100