Trump is turning America into China, but all America cares about today is the Super Bowl.
The Trump administration has made unprecedented equity investments and obtained other stakes in at least 10 companies over the past year. ...
In the past, the U.S. has taken temporary stakes in companies in the context of bailouts, said Peter Harrell, who served as the senior director for international economics under President Joe Biden.
“With these companies, it’s a very different thesis,” Harrell said. “The government is kind of acting as a strategic investor to put capital into these companies so that these companies can achieve both a commercial return but also, at least in theory, some kind [of] national purpose.” ...
