On Semiconductor Plunges 2.35% Amid Epstein File Controversy Ranking 218th in Market Activity

On Semiconductor (ON) fell 2.35% on Sept. 3, 2025, with a trading volume of $470 million, a 60.48% increase from the prior day, ranking 218th in market activity. The stock’s performance coincided with heightened political discourse surrounding the release of Jeffrey Epstein-related government files, which drew bipartisan efforts in Congress to mandate full transparency. Survivors of Epstein’s alleged abuse publicly urged lawmakers to accelerate the disclosure of documents, criticizing the Justice Department’s release of heavily redacted materials as insufficient. House Oversight Committee Chairman James Comer and Speaker Mike Johnson defended the ongoing investigation, emphasizing its bipartisan nature and legal rigor, while Rep. Thomas Massie and Rep. Ro Khanna faced pushback for their discharge petition aimed at bypassing leadership to force a vote on the issue.

President Donald Trump dismissed the controversy as a “hoax” and “irrelevant,” a stance criticized by survivors who accused the administration of obstructing justice. The debate over document transparency highlighted divisions within the GOP, with figures like Marjorie Taylor Greene and Lauren Boebert joining the petition effort. Meanwhile, House Democrats argued that 97% of released files were already public, calling for further action to ensure accountability. The political tension, though not directly tied to ON’s business operations, contributed to broader market volatility, influencing investor sentiment amid ongoing scrutiny of high-profile legal and ethical issues.

Backtest results: None provided.