Trump has issued more than 1,700 federal pardons and commutations since January 2025, including a large initial group tied to January 6 cases and subsequent batches favoring political allies, donors, and select non-connected applicants. Recent activity includes 30 grants on September 3, 2026—covering drug offenses, firearms violations, and bribery convictions—followed by at least one additional grant days later, with announcements sometimes delayed and coordinated through White House pardon czar Alice Marie Johnson rather than standard DOJ processes. These actions reflect an informal network of advocates and a pattern of frequent clemency use that continues into September 2026, directly shaping trader assessments of near-term probabilities for any additional grants before specified deadlines. Upcoming scheduled events remain limited, with resolution hinging on official White House or DOJ confirmation of new warrants.