Home Stock Market Bank of America, Boeing, Pfizer, Qualcomm among companies spent $ 1 million...

Bank of America, Boeing, Pfizer, Qualcomm among companies spent $ 1 million on Biden’s inauguration


Major publicly traded firms from the defense and technology sectors are among those that have donated the maximum allowed amount of $ 1 million to President Joe Biden’s inauguration committee, according to a disclosed filed on Tuesday.

Boeing
FATHER,
+ 0.79%

and Lockheed Martin
LMT,
-0.02%

once gave that money to the committee, so did Qualcomm
QCOM,
+ 2.09%

and Uber Technologies
UBER,
+ 0.52%
.

Also offering $ 1 million each is AT&T
T,
+ 0.74%
,
Bank of America
BAC,
+ 1.68%
,
Comcast
CMCSA,
+ 0.91%
,
medical technology company Masimo Corp.
MASI,
+ 1.46%
,
Pfizer
PFE,
+ 1.28%

and one union, the International Brotherhood of Electric Workers Association (IBEW).

Biden’s Inauguration Committee The report raised a total of 61.8 million dollarsdown from the $ 107 million that former President Donald Trump brought in. Trump’s inauguration committee has set a record with the amount of funds raised and its spending continues to attract considerable scrutiny, with the Washington, DC attorney general’s office. lawsuits accusing waste of funds.

Biden’s committee does not accept contributions from fossil fuel companies, but it does not go as far in limiting contributions as former President Barack Obama did during his first inauguration, when he did not accept contributions. money from corporations. About 50 teams, from Demand Progress to the Turnstile Project, are availableslip in a december letter for Biden’s inaugural committee to follow Obama’s example.

An expert from a group of watchdogs told MarketWatch earlier this year that making a big contribution to the inaugural committee is “a way to try to please an upcoming president and a way to try reach out and make an impact with a new government ”.

See: Companies donating to Biden’s inauguration: It’s ‘a way to try to please yourself with an upcoming president’

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