Under Trump, Uncle Sam is becoming an active investor at a scale not seen outside war or major crises

The Trump administration has taken direct stakes in companies on a scale rarely seen in the U.S. outside wartime or economic crisis, pushing a Republican Party that traditionally championed free-market capitalism to embrace state intervention in industries viewed as important for national security.Japan's Nippon Steel agreed to give President Donald Trump a "golden share" in U.S. Steel as a condition for the two companies' controversial merger. Trump now personally wields sweeping veto power over major busi ...