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Trump will leave business, but won't sell

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During a Wednesday news conference, President-elect Donald Trump said he will transfer his business holders to a trust run by his sons. However, he won't sell his stake. 

Appearing next to stacks of manila folders - which officials said contained the legal language necessary to transfer the holdings - the incoming president said he would isolate himself from his real estate, golf clubs, hotels and licensing deals.

The business and financial assets are scheduled to be placed in the trust prior to the Jan. 20 inauguration.

Read more from CNNMoney.


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