The Pelosi household " comprised of powerful California Congresswoman Nancy and her husband Paul, a wealthy investor " has made a number of shrewd financial moves lately, cashing in to the tune of a few million dollars worth of appreciated stock since December. And the luck just doesn't seem to run out. The 6th richest member of the House made a well-timed investment last month of $100,000 in Tempus AI, a health and medical company that says it's powered by artificial intelligence. That turned out to be the right bet, because Tempus AI stocks have skyrocketed by over 113 percent since Pelosi bought her shares.
The value pump started almost immediately after Pelosi's buy, and continued after Tempus acquired Ambry Genetics, a genetic testing lab firm valued at over $300 million. As most American companies are required to disclose transactions and mergers over $101 million to the government, it's very likely that at least some federal employees in the FTC and Department of Justice had advanced knowledge of the move, which is seen as a very healthy merger.
ETF Named After Nancy Pelosi, Tracking Congressional Democrats' Stock Trades, Surpasses S&P 500 with Tech Triumph
It's worth noting that the lawmakers tracked by the fund also hold shares in many of the same stocks that are popular with hedge funds. This has led to the fund's impressive performance, despite the ongoing scrutiny of lawmakers' stock trades.
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