Blackstone CEO Stephen Schwarzman responded to President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE's claim that the two discussed former Vice President Joe Biden Joe BidenFormer Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick Bloomberg rolls out M ad buy to boost Biden in Florida MORE's son Hunter Biden.

According to Bloomberg, Schwarzman denied that the conversation ever happened, despite the fact that Trump was captured on tape saying that he talked with the finance executive.

Whether the conversation actually happened could be of importance moving forward, as the impeachment inquiry against the president revolves around a conversation Trump had with Ukraine regarding Hunter Biden.

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Trump gave his version of events to U.S. diplomats during a closed-door meeting this week in New York. In the meeting, Trump went after Joe Biden and then claimed that Hunter Biden coerced the Chinese government to contribute $1.5 billion to an investment fund. His alleged conversation with Schwarzman was brought up in the process.

“I was with the head of Blackstone, which is the big deal,” Trump said. “Steve, is that possible?” Trump recalled asking Schwarzman. Schwarzman supposedly replied, “Maybe I shouldn’t get involved, you know it’s very political.”

In a statement to Bloomberg, Jennifer Friedman, Schwarzman's spokeswoman, said that conversation never took place.