this post was submitted on 26 Aug 2025
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politics

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The Trump administration is considering taking stakes in defense contractors, including Lockheed Martin Corp (LMT.N). U.S. Commerce Secretary Howard Lutnick said on Tuesday as he defended President Donald Trump's push for a greater government role in American business. "They're thinking about it," Lutnick told CNBC, citing Pentagon leaders, when asked if the administration was considering taking pieces of contractors such as Lockheed Martin, Boeing (BA.N) or Palantir Technologies (PLTR.O). "There's a lot of talking that needs to be had about how do we finance our munitions acquisitions."

...

The Trump administration last week announced a near-10% stake in chipmaker Intel (INTC.O). It previously intervened to complete the purchase of U.S. Steel by Japan's Nippon Steel in June, taking what Trump called a "golden share" that gives Washington say over its operations.

It also took a stake in rare earths company MP Materials (MP.N) and brokered a deal with chipmakers Nvidia (NVDA.O) and AMD to take 15% of revenue from sales to China of chips that had previously been prohibited.

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[–] RedEyeFlightControl@lemmy.world 2 points 2 weeks ago

Buy defense contractor stock, start more wars, profit

Go berserk with tariffs, start more trade wars, profit

Force stores to pay you protection money to sell a previously banned product, profit

Same as it ever was with this asshole