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how European firms are investing in elections in the [Music] US record-breaking sums of money are being spent to swing the results of elections in the US and European companies are making small contributions despite them being technically barred from funding American election campaigns how well these European companies use their subsidiaries in the US to to set up political action committees known as packs these packs collect contributions from their American employees that are then used to fund electoral campaigns we analyzed data provided by us nonprofit open Secrets and found that EU firms have used PS to invest around $3.3 million in Democratic campaigns which is around €3 million e and $4.4 million in Republican campaigns during this electoral cycle that figure Rises to $6.3 million for Democrats and 8 million for Republicans when we count the donations of other European companies headquartered in the UK Switzerland and Norway so which companies are investing 143 firms headquartered in 13 European countries have raised money through packs during this electoral cycle some of the biggest Investments came from swis Investment Bank UBS Germany’s T-Mobile and British defense company BAE Systems it is worth noting that these European Investments are minute compared to the full War chest of elections in the US and that the funds are usually targeted at congressional candidates rather than presidential nominees [Music]