Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Pfizer, unions, others donated $61.8 million for Biden's inaugural

04/21/2021 | 11:57am EDT
FILE PHOTO: The Boeing logo is pictured at the LABACE fair in Sao Paulo

WASHINGTON (Reuters) - U.S. President Joe Biden raised $61.8 million for his inauguration events, receiving large contributions from corporations, labor unions and wealthy individuals, according to a financial disclosure.

The Democratic president's inaugural committee took in $1 million in contributions each from about 10 big companies, including Pfizer Inc, the maker of one of the COVID-19 vaccines being deployed in the United States, as well as from AT&T Services Inc, Bank of America Corp and Boeing Co.

Corporations making $1 million donations also included Uber Technologies Inc, Lockheed Martin Corp and Qualcomm Inc, according to the filing submitted on Tuesday with the Federal Election Commission.

The committee also received $1 million from the International Brotherhood of Electrical Workers, a major labor union.

About a dozen individuals donated $500,000 each, according to the filing.

The filing did not give details on how the money was spent on the events accompanying Biden's Jan. 20 inauguration, which nixed traditional inaugural balls due to the coronavirus pandemic but included televised performances by Lady Gaga and Garth Brooks.

The inauguration ceremony at the U.S. Capitol, including security, was paid for by the federal government.

The money raised by Biden's committee was well below the $106 million raised by Donald Trump for his 2017 inauguration, but exceeded the $53 million raised by Barack Obama for his first inauguration in 2009.

(Reporting by Jason Lange; editing by Jonathan Oatis)


© Reuters 2021
Latest news "Economy & Forex"
03:24aAB InBev CEO Brito to step down, North America chief to step in
RE
03:22aMalaysia's central bank keeps key rate steady as new virus cases surge
RE
03:19aEnergy group Total starts production at Angolan oil project
RE
03:15aSuperdry sees 'light at end of tunnel' as returns to growth in Q4
RE
03:11aOil prices rise on drawdown in U.S. crude inventory
RE
03:11aThai April consumer mood hits record low after new virus outbreak
RE
03:09aMICHAEL BLOOMBERG : Bloomberg forum moves back to Singapore amid concerns over press treatment in China
RE
03:04aTESLA  : developing platform to allow car owners in China data access
RE
03:01aSGS  : Major Milestone Reached with New Cybersecurity Accreditation
PU
02:55aADITYA MITTAL : ArcelorMittal reports best start to a year for a decade
RE
Latest news "Economy & Forex"