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X @Wendy O
Wendy O· 2025-10-07 20:36
I need access to Trump's paid group ASAP.The Kobeissi Letter (@KobeissiLetter):The Trump Administration Now Owns:1. 10% equity stake in Intel, $INTC2. 15% equity stake in MP Materials, $MP3. 10% equity stake in Lithium Americas, $LAC4. 10% equity stake in Trilogy Metals, $TMC5. A “golden share” in US Steel Corporation6. Floated idea of equity ...
Former Rep. Hensarling: Trump admin's push for Intel stake sets 'a very, very dangerous precedent'
CNBC Television· 2025-08-21 11:30
Government Intervention & Corporate America - The discussion revolves around the potential for government equity stakes in companies like Intel, raising concerns about the appropriate level of government involvement in corporate America [1] - Concerns are raised about the lack of boundaries regarding presidential interference with corporate America, particularly in the context of Intel and Nvidia [1] - The legality of equity stakes under the CHIPS Act is questioned, emphasizing the importance of the rule of law [2] - Government partnership with companies can lead to the government becoming the senior partner, potentially imposing conditions like childcare, DEI, and ESG plans [2] Economic & National Security - Securing supply chains, especially for semiconductors, is highlighted as a national security imperative, with a desire to bring back jobs and reduce dependence on adversaries [2][12][14] - Incentivizing manufacturing and bringing essential industries back to the country are considered crucial for national security [7][14] - A broader discussion is needed regarding the best approach to incentivize industries, including an overall plan and exit strategy [15] Market Distortion & Economic Growth - Concerns are voiced about potential market distortions resulting from government intervention in specific industries [10] - A preference is expressed for broad incentives to promote economic growth rather than insular programs targeting particular industries [9][10] - The discussion touches upon the potential for government support to prop up companies that might otherwise fail [11]