Internet reports that U.S. companies are planning to buy back shares at a record rate. According to Birinyi Associates, as of August 20, announced share repurchases had exceeded $1 trillion, making it the shortest time in history to reach this scale. Large companies have approved large-scale repurchase plans in the past few months. Apple announced that it would repurchase US$100 billion in shares after announcing its quarterly results in May. Alphabet, JPMorgan Chase, Goldman Sachs and others also announced buybacks of at least US$40 billion each. The total repurchase amount announced by U.S. companies last month reached US$166 billion, setting a record high in July. Rubin, president of Birinyi Associates, expects the total repurchase announced by the end of the year to reach $1.3 trillion. However, the buyback has also attracted dissatisfaction from some members of the Trump administration. Treasury Secretary Bessent on Wednesday criticized Boeing for conducting a "large-scale" buyback rather than investing in research and development.