((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
July 1 – ** Shares of Trump Media & Technology Group DJT.O , majority-owned by former President Donald Trump, rose nearly 3% after a Supreme Court ruling that could help his chances of winning the November presidential election
**The US Supreme Court ruled that Mr Trump could not be prosecuted for official acts performed as president, but could be prosecuted for private acts
**With Trump’s case sent back to lower courts for further review, special counsel Jack Smith likely doesn’t have enough time to try him on federal election subversion charges and have a jury reach a verdict before the election, which Trump is likely to win.
** On political betting site PredictIt, bets on a Trump victory in November are selling at 58 cents with a potential return of $1, up 2 cents on the day. President Joe Biden is selling at 31 cents
** DJT’s stock has been popular with Trump supporters and retail investors who view it as a bellwether for Trump’s potential re-election
** The stock market value of DJT, which owns social media app Truth Social, peaked at more than $9 billion after its Wall Street debut in March and has since fallen to about $6 billion.
** DJT reported first-quarter revenue of $770,500. That’s roughly the equivalent of two Starbucks coffees in the U.S., according to Starbucks’ filing.
