CFO Slice

Major U.S. companies with close ties to President Donald Trump are preparing for possible congressional investigations if Democrats win control of the House in the November midterms. Technology companies and other businesses that donated heavily to Trump-related projects are assessing potential vulnerabilities, hiring advisers, and developing plans for responding to information requests, hearings, and subpoenas. Meta and Palantir are among the companies whose executives and advisers have discussed potential scrutiny, while Amazon, Chevron, Pfizer, UnitedHealth, and others attended a U.S. Chamber of Commerce seminar on managing congressional investigations. Some companies are also strengthening relationships with Democrats. Meta has reportedly donated at least $10m to Democratic-aligned nonprofits while also contributing to Republican groups and a Trump-aligned political committee, bringing its political nonprofit giving for federal races to at least $30m this year. OpenAI has organized dinners involving chief executive Sam Altman and Democratic lawmakers, while Paramount Skydance and Kalshi have hired prominent former Democratic officials and advisers. However, companies remain cautious about shifting too far toward Democrats while Trump retains significant regulatory and policy authority for more than two years.