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The Trump administration’s investments in corporate stocks raise fears of ‘crony capitalism’
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The administration’s portfolio of direct and indirect investments now numbers 30 public companies and is valued at about $27 billion.
Not all of Trump’s deals have involved outright grants of equity.
Then there are the deals Trump cut with chipmakers Nvidia and AMD.
As I reported at the time of the Intel investment, the government’s taking an equity stake in a public company isn’t unprecedented.
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