Trump Media Company Sees Significant Stock Surge Following Assassination Attempt

The parent company of Truth Social, Trump Media & Technology, saw its shares increase by 37%, resulting in a paper profit of approximately $1.2 billion for former US President Donald Trump. This surge is attributed to an assassination attempt on Trump during a rally in Pennsylvania, which boosted expectations of his potential presidential win in the November election. The incident led to increased betting odds in favor of Trump, with contracts trading at 68 cents on PredictIt, up from previous levels. Additionally, shares in companies that could benefit from a Trump presidency, such as crypto and gun stocks, also saw gains.