Dear john,
Recently, news broke that White House Deputy Chief of Staff for Policy and Homeland Security Stephen Miller owns between $100k - $250k in stocks from Palantir Technology Inc., a data company that currently works with ICE. The same report also found that at least 10 other White House staffers have owned shares in Palantir.
Why is this important? Stephen Miller, who has spearheaded many of the Trump administration's immigration policies that led to family separation, the "Muslim ban," and more, is one of the main architects of the president's mass deportation program.
Recently, he also held a meeting to direct immigration officials to ramp up their numbers. This presumably gave companies like Palantir more business.
And business is booming for Palantir over the past six months. Palantir is the highest performing company in the S&P 500 this year. Its stock price is up by over 80% in 2025 so far. Palantir revealed last month in an investor presentation that its U.S. government revenue was 45% higher in the first quarter of this year compared to the same quarter last year.