Major U.S. companies are making donations to support President-elect Donald Trump’s second term inaugural events, a common practice to build relationships with incoming administrations. This follows a trend seen in previous years, where corporate leaders seek to align themselves with the new administration through financial support. The donations reflect a strategic move by companies to establish connections and influence policy decisions in the upcoming administration.
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Snowflake Stock Is on Fire. But Can the Momentum Last?
Snowflake (NYSE: SNOW), an AI and data platform specialist, has witnessed its stock rise nearly 40% year to date, significantly outperforming the S&P 500's 7% increase, driven by its focus on AI and rapid revenue growth. However, concerns arise as the company continues to report substantial quarterly losses despite a market capitalization of approximately $72 billion. Want More Context? 🔎
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