Donald Trump has ramped up fundraising efforts from mega-donors for his 2024 presidential campaign, promising regulatory changes and policies to benefit their businesses. Critics express concerns over corruption, describing Trump's approach as "transactional." Trump has heavily courted Elon Musk and other billionaire backers, leveraging policy favors in exchange for large donations. Musk's America Pac has spent $60 million supporting Trump, while other donors, including fossil fuel and cryptocurrency moguls, have contributed millions. Watchdogs fear this fundraising strategy undermines transparency and accountability.
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00:00It's Benzinga and here's what's on the block.
00:02Donald Trump has ramped up fundraising efforts from mega-donors for his 2024 presidential
00:07campaign, promising regulatory changes and policies to benefit their businesses.
00:13Critics expressed concerns over corruption, describing Trump's approach as transactional.
00:18Trump has heavily courted Elon Musk and other billionaire backers, leveraging policy favors
00:22in exchange for large donations.
00:25Musk's America PAC has spent $60 million supporting Trump, while other donors, including
00:30fossil fuel and cryptocurrency moguls, have contributed millions.
00:34Watchdogs fear this fundraising strategy undermines transparency and accountability.
00:38For all things money, visit Benzinga.com.