Trump Administration Considers Antitrust Probe into Homebuilders
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.ANTITRUST PROBE:The Trump administration is exploring opening an antitrust investigation into homebuilders, Patrick Clark and Leah Nylen of Bloomberg report, citing people familiar with the discussions. The Department of Justice could open the probe in the coming weeks, with a potential focus on how information is shared through the Leading Builders of America trade group, sources told Bloomberg. The White House has grown concerned that the trade group could be used to restrict housing supply or coordinate pricing, the people added. Lennar and DR Horton are members of the group, Bloomberg notes. Publicly traded companies in the homebuilder space include Beazer Homes, D.R. Horton, Hovnanian, KB Home, Lennar, M.D.C. Holdings, PulteGroupand Toll Brothers.NEXSTAR-TEGNA MERGER:On Truth Social, U.S. President Donald Trump vocalized support for Nexstar-Tegnamerger, writing that, "We need more competition against THE ENEMY, the Fake News National TV Networks. Letting Good Deals get done like Nexstar - Tegna will help knock out the Fake News because there will be more competition, and at a higher and more sophisticated level. Those that are opposed don't fully understand how good the concept of this Deal is for them, but they will in the future. GET THAT DEAL DONE! PRESIDENT DJT."TRUMPRX DISCOUNT CARDS:CVS Healthannounced that its approximately 9,000 community pharmacies are accepting TrumpRx discount cards, which offer savings on certain medications for those who are eligible, as determined by the drug manufacturers. Eligible patients can bring their printed discount cards and savings can be applied at the pharmacy counter. In addition, CVS Pharmacy is a retail pharmacy partner for NovoCare and was the first to build a streamlined NovoCare enrollment experience. CVS Specialty Pharmacy also supports patients accessing reduced pricing on fertility medication via the TrumpRx Fertility program.
