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President Donald Trump and HIS Administration Want the us to have a stake in key companies.
Shares in Lithium Americas, A Canadian Mining Company, SoaRed on Reports of A Potential US Stake.
Trump and His Cabinet Have Been Aggresses in Pursuing Equity Stakes.
Thanks to President Donald Trump, Uncle Sam Has a Burgheoning Portfolio.
Once Consider Rare, Trump and His Team Have Pushed The US to Consider Stakes in Private Companies.
“You have stupid People Say, ‘That’s a Shame.’ It’s not a shame, that’s Called Business. ” Trump Told Reporters in the Oval Office on August 25.
At the time, Trump defered HIS Decision to take a 9.9% stake in intel, a once-dominant chipmaker, over criticism that Such industrial policy isn’t how the US Typically operates. He said that he wants “to get much as i can.”
“I HOPE I’M GOING TO HAVE MORE MORE CASES LIKE IT,” Trump Said of the Intel Deal.
The Deals Keep Coming. Most recently, the trump administration has entered talks with lithium americas to take a small stake in the canadian mining company.
Here is a look at all the companies that trump is targeting.
Intel
Under Trump’s Leadership, The US Converted Roughly $ 11 Billion in Biden-Era Chips Acts Into A 10% Equity Stake.
Picture Alliance/DPA/Picture Alliance Via Getty Images
Under Trump’s Leadership, The US Converted Roughly $ 11 Billion in Biden-Era Chips Acts Into A 10% Equity Stake. Commerce Secretary Howard Lutnick, Who Helped the Talks with the Chipmaker, Said It Was a Mistake to Award Grants Without Anynding in Return.
“America Should Get the Benefit of the Bargain,” Lutnick Told Cnbc before the Deal Ultimately Came Together. “I mean, that is exactly Donald Trump’s Perspective, Which is, Why are we giving a company Worth $ 100 Billion this kind of Money? And the Answer Donald Trump has been should get an equity stake for Our Money. “
Intel Shares have gone up over 25% in the month syncement. The Company Has Also CaUTIONED IN Securities Filings that the US Stake Could Pose Some Risks, Including Potentially Hurting International Sales.
Mp material
The Alloy Production Room at MP Materials’ Fort Worth Plant.
Business Wire/AP
In July, the Defense Department Announeded That It Wauld Become the Larger ShareHolder in MP AFTER AGREEING TO BUY $ 400 million Worth of Shares.
MP MATERIES OWNS The Operational Rare Earth Mine in the US. Trump Administration Officials have said it is a national security risk for the US to relay on China and Other Foreign Nations for the Key Minerals Needed for Eveli to Military Jet Engines.
MP MATERIES CEO JAMES LINININSSKY SAID THAT I Views the Deal as a “public-private partnership” that is different than the government’s aggrement with intel.
“Those are scenarios where you have had Commitments from a past administration, where the Trump administration has come in and said, Wait a second, you had no-stings attailed to companies, we think we have been a piece of the action,” Liinsky Told Cnbc.
Shares in Mp Materials have roughly doubles the deal Became public.
A Trump Administration Official Confirmed to Business Insider that the Trump Administration is Ascing for A Small Equity Stake in Lithium Americas as Part of A Broader Renegotiation of a $ 2.26 Billion Government Loan.
Lithium americas said it is in discussions with the Department of Energy and General Motors, ITS partner in a mining project in Thacker pass, as first reported by reuters. The nevada area where the mine is located is Believed to have one of the world’s Lithest Lithium deposits.
Trump Approved the Project During His First Term, but the Energy Department Loan was finalized During the biden administration.
The Administration Official Said the Energy Department Agreed to Restructure the loan by power part of its repayment. In exchange, the trump administration wanted a “Very, Very Small Equity Share” to “Create More of a Cash Buffer for the Project.”
Shares in lithium americas went up over 93% on September 24 after News of A Potential Stake Became Public.
Lockheed Martin
President Donald Trump Spoke at Derco Aerospace, A Lockheed Subsidiary, in 2019.
Alex Brandon/AP
In august, Lutnick Said that the pentagon was consider taching stakes in defensive contractors. He specifically named lockheed martin as a potential example.
“They are essentially an arm of the US Government,” Lutnick Said of Lockheed.
Asked About Any Possible Discussions, A Lockheed Martin Spokesperson Praised the Contractor’s Relationship with the Trump Administration.
“As we did in his first term, we are Continuing Our Strong Working Relationship with President Trump and HIS Administration to Strengthn National Defense,” A Spokesperson Told Business Insider in a Statement.
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