00:00It's Benzinga bringing Wall Street to Main Street.
00:02Nearly half of U.S. voters oppose the federal government taking ownership stakes in American
00:07companies, according to CNBC's All America Economic Survey. The poll found 49% said such
00:14ownership is inappropriate, 19% approved, and 32% were undecided. The Trump administration
00:21has negotiated 30 deals worth nearly 27 billion hours, has discussed a potential stake in OpenAI.
00:27The government's largest holding is its Intel investment, acquired through a 10% ownership
00:33stake, initially valued at $8.9 billion and worth $42 billion as of Thursday's close after
00:39rising 352%. It also backed rare earth miner MP materials, received veto rights through a
00:47golden share in U.S. steel, and issued Vulcan Elements a $620 million loan. Republican senators
00:53expressed caution, saying government ownership may serve national security and taxpayers but
00:58should not become permanent.
00:59For all things money, visit Benzinga.com.
Comments