Two American legislators are called after they have announced their shares purchases in which the defense contractor is involved L3HARRIS Technologies Inc. LHXIn the run -up to conflict with Iran, while he participated in the Congressional Armed Services Committee.
What happened: On Monday, in a message about X, Nancy Pelosi Stock Tracker, who follows the transactions of politicians, emphasized such a commercial grant in recent weeks, in which the senator was involved. MarkWayne Mullin (R-Okla.) And Rep. Gil Cisneros (D-Calif.).
The post sheds light on the fact that these two legislators, who were purchased in the armed services committees in the congress in the past month, have purchased shares of L3Hris, in the run -up to the conflict between Israel and Iran, in which the US played an important role.
See also: Nancy Pelosi’s portfolio crushed Wall Street hedge funds with breathtaking returns last year
“This should not be legal,” says the function, given the deep ties that contractors such as L3Hris, who sell weapon systems and classified communication infrastructure, have the government.
Why it matters: Recently reported the same account about three conference representatives who buy shares from Idexx Laboratories Inc. IDXX While he participated in a committee that was directly bound by the “National Biotech Initiative Act of 2025”, which was expected to create the substantial ridge for the company.
This comes in the midst of growing calls for a ban on the actions of conference shares, with economist Justin Wolfers Call it “just absurd” that representatives are allowed to trade shares and at the same time receive “top secrets” and receive information.
The big profits that have been reported in the private portfolios of political leaders have increasingly examined in recent years. Former house speaker Nancy PelosiFor example, famous then surpasses different leading hedge funds, with a profit of 65% in 2023 and 54% in 2024.
However, her achievements faded compared to that of her colleagues, who have returned 70% to 149% in the past year, so that concern about conflicts of interest is fueled.
Price promotion: Shares of L3HARRIS rose by 0.58% on Monday and traded at $ 251.11, but after hours 1.64% fallen, after the de-escalation of tensions between Iran and Israel.
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