Source: Semafor
by Eleanor Mueller
“As President Donald Trump continues buying government stakes in private companies, the rest of Washington is starting to appreciate the power of his new tool. The Trump administration has so far announced 43 equity stakes in firms producing everything from minerals to semiconductors, 36 of which were negotiated without explicit legal authority — and more are yet to come. … Thanks to the precedent Trump has set, a future Democratic president could reap multiple benefits from equity stakes in private companies. Among them, as former Biden administration officials suggested: reining in the AI industry, shrinking defense spending, boxing China out of critical sectors, and pressuring gun and oil companies.” (10/22/260