US EditionA Trump Grab For Stakes In Defense Firms Could Be A Nightmare For Musk's SpaceX
The Trump administration acquired a 10% stake in Intel by converting $8.9 billion in grants, signaling plans to expand government equity in companies to secure economic interests.
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4 Articles
Experts: Government stake in defense firms could harm industry
Defense industry experts are warning that a potential government stake in major firms such as Lockheed Martin or Boeing could stifle innovation, create conflicts of interest, and lead to more contract award protests, following comments from a top administration official considering the move.Commerce Secretary Howard Lutnick on Tuesday sparked discussion of whether the Trump administration could broaden the government’s efforts to take slices of …
·United States
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The White House is laying the groundwork for a US sovereign wealth fund. It is intended to boost domestic manufacturing and reduce dependence on Asia. But critics warn: state investment could scare away private capital
Coverage Details
Total News Sources4
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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