Trump Action Archive

Supporting reports

• Neuralink falsely self-certified as small disadvantaged business on federal filing — On April 24, 2025, Elon Musk's Neuralink Corporation submitted a federal self-certification form claiming status as a "small disadvantaged business" (SDB), a designation reserved for companies majority-owned by economically and socially disadvantaged individuals. Musk, with a net worth of $404 billion and as a white South African-born man, does not meet SDB criteria. Federal regulations require SDB owners to have net worth below $850,000 (excluding primary residence) and membership in a recognized disadvantaged demographic. Neuralink has made this false claim in all 11 of its SAM.gov filings since 2017, potentially qualifying it for federal contracts, grants, and loans worth $50 billion annually awarded to SDBs.

Supporting reports

• Trump attacked Federal Reserve chair Jerome Powell on Truth Social — On Truth Social, Trump continued his attacks on Federal Reserve chair Jerome Powell, calling him a "major loser" and urging him to lower interest rates. Trump also baselessly claimed that Powell lowered interest rates in the leadup to the 2024 election to help Kamala Harris win, attacking the independence of the Federal Reserve.
• Stock market declined sharply amid Trump harassment of Federal Reserve chair and tariff instability — The stock market experienced significant declines on April 21 following President Trump's continued public pressure on Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average fell 971.82 points (2.48%), the S&P 500 dropped 2.36%, and the Nasdaq Composite fell 2.55%. The dollar hit a three-year low while gold prices soared. Since Trump took office, the Dow has fallen 13.8%, the S&P 500 is down 15.5%, and the Nasdaq is down 20.5%. The Dow Jones is headed for its worst April performance since 1932, during the Great Depression.