Sen. Warner: Chips bill needs to be on President Biden’s desk before Paul Pelosi's calls expire

Fāke™ news! Fāke™ news! I don't know if Mr. Pelosi bought Nvidia common or derivatives.* Fāke™ news!

And what the Senator from Virginia—not to be confused with the other Senator from Virginia, quick, name Hillary Clinton's running mate in 2016—what the Senator actually said was:

"Chips bill needs to be on President Biden’s desk ‘before August’"

That was on July 19 at Yahoo Finance.

Here's the latest on the bill, also at Yahoo, July 26 (a good overview):

Chips bill advances in Senate — Here's what's in the $79B legislation

*Actually I do know, I just looked it up. He exercised 200 NVDA calls before his wife, the Speaker of the House of Representative, second-in-line, behind the Vice President, to the Presidency of the United States, probably the most  powerful politician in all the land, before Nancy announced the CHIPS Act was coming to the floor for a vote.

On June 17 Mr. Pelosi exercised call options on 20,000 shares of Nvidia. Details on the strike price and expiration date not required on the disclosure form so not given.

The stock closed at $158.80 that day. Today it is changing hands at $166.20 down $4.04 (-2.37%) after getting as high as $181.44 on July 21.

According to The Hill, in 2020, a tricky year for investors with the big drawdown and then the big rally, Mr. Pelosi outperformed the S&P 500 by 14.3 percent.

And that's not Fāke™ news.

(and although mindful of the words of Pope Francis—"Media That Focus on Scandals and Spread Fake News to Smear Politicians Risk Becoming Like People Who Have a Morbid Fascination with Excrement"—this funky little blog isn't really media, is it?)