Big Business Hedge Bets on Trump's Potential Nomination

Despite previously distancing themselves from then-President Trump after the January 6th insurrection, wealthy donors are returning to support Trump's potential Republican nomination. Business leaders, such as Jamie Diamond of JP Morgan, are engaging with Trump to protect their interests, recognizing his potential to become president again. These donors are taking precautions to avoid being targeted, as Trump has a history of rewarding friends and punishing enemies in the business world. Wall Street's recent support for Nikki Haley's Super PAC, while acknowledging her narrowing path to the GOP nomination, highlights the hedging behavior among wealthy individuals. The numbers reveal that Trump's legal battles are both a source of fundraising success and financial strain, as his campaign spent $52 million on legal fees, equivalent to Joe Biden's campaign cash on hand.