Trump Triggers ‘Alarm Bells’ With Jaw-Dropping $9.7B Deal

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Donald Trump greets CEO of Dell Technologies Michael Dellhttps://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/5OJTBA7C75C5XGGD3NYFVUKFJU.JPG?auth=235f8d7a6c88a499e6ee9442785a8eeade7e2ec3efc7a5ed99d1962dcf8108fe&smart=true&width=2473&height=1391" />
Brian Snyder / Reuters

Donald Trump bought more than $1 million in Dell Technologies stock weeks before the tech giant secured a $9.7 billion Pentagon contract, triggering warnings from ethics watchdogs.

The Defense Department announced Wednesday that Dell Federal Systems, the company’s government-focused unit, had secured a five-year contract to oversee purchases of Microsoft software, services, and licenses across the military, intelligence community, and the U.S. Coast Guard.

Dell shares surged nearly 40 percent in after-hours trading on Thursday. / Screengrabhttps://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/EE2O2XQC3NHJZCFNMBH7DD2BXE.png?auth=2dd22cdf62bb127faac899407905c6deacd320ec38bc057a3c506d8f12a2a38e&smart=true&width=964&height=754" width="964" />

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