Trump, Navy and Battleships
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This movement was not a result of enhanced advertising trends or user growth at Truth Social. Instead, it stemmed from a significant strategic shift
President Donald Trump saw a significant increase in his net worth, with shares of Trump Media & Technology (NASDAQ: DJT) surging on Thursday after the company announced a merger with TAE Technologies valued at $6 billion.
1don MSN
A $6 billion nuclear deal has Trump’s name all over it. It’s raising serious ethics concerns
The Trump business empire’s expansion into nuclear fusion is alarming ethics experts who warn it poses glaring conflicts of interest and risks the federal government playing favorites in what has been seen as the holy grail of clean energy.
Trump Media plans to merge with a company developing nuclear fusion technology, putting the president’s financial interests in competition with other energy companies over which his administration holds sway.
Trump Media & Technology Group (DJT) announced a $6B all-stock merger with nuclear fusion company TAE Technologies, reigniting meme stock attention. In a structure that mimics a SPAC, DJT provides up to $300M in cash to TAE, which is aiming for commercial fusion electricity by 2031.