President Donald Trump last week signed an executive order affirming technology giant Oracle would play a leading — and potentially lucrative — role in TikTok’s pending U.S. spinoff from Chinese company ByteDance.
Just days before that, a Democratic congressman from Louisiana was busy buying up shares of Oracle, according to a congressional financial disclosure reviewed by NOTUS.
Rep. Cleo Fields purchased between $80,000 and $200,000 worth of Oracle shares across three different trades — on Sept. 17, 18 and 23, the disclosure document indicates. (Lawmakers are only required to disclose the values of stock trades in broad ranges.) News of Oracle’s participation in the TikTok deal first broke on Sept. 22.