Trump: Viral Post, Cereal Cost, Food Prices, Re-Election Bid, Social Media IPO

Viral Post Misrepresents Trump's Statement

A social media post went viral claiming that former President Donald Trump said he only pays $100 per pound for cereal. This is false. The quote is fabricated and was created as a parody of Trump.

Trump's Claims on Food Costs

Trump has repeatedly claimed that food costs have risen significantly in recent years. In a speech on Tuesday, he said that food costs are "40%, 50%, 60% more than they were just a few years ago." This claim is not supported by data. According to the Bureau of Labor Statistics, food prices have risen by about 20% since 2016.

Trump's Re-Election Bid

Trump announced his candidacy for president in 2024 on Tuesday. He is the first major Republican to enter the race. His announcement has been met with mixed reactions, with some Republicans criticizing his decision to run again.

Trump's Social Media IPO

Shares in Trump's social media company, Truth Social, jumped in their New York market debut on Tuesday. The company raised $135 million in the IPO. Truth Social is a conservative alternative to Twitter and Facebook.

Biden Highlights US Strength

President Biden gave a speech on Tuesday in which he highlighted the strength of the United States. He said that the economy is "stronger than ever" and that the country is "in a better position than any other nation in the world."