It's a new day and a brand new grift you may not have heard about. [View all]
Trump Media And Technology Group (TMTJ) is merging with a nuclear fusion company in an all stock deal valued at $6 billion.
Why that matters is TMTJ owns Truth Social, the site for all official White house releases. Its stock is supported by every media reporter in the world having to log on to get the latest policy news. That drives the stock value up and lines his trouser pockets.
Now with the merger of a nuclear company he will essentially own a large piece of the company and be in a position where helping them through the red tape and regulations can benefit him financially. Getting White House help is obviously why TAE Technologies is making this quid pro quo deal.
TAE is an energy company poised to supply power for the AI boom that is being pushed by the president.
Most (all) presidents divest themselves of conflicts of interest in the business world, but this guy laughs at ethics rules and dares us to do something about it.
He's up a fat 34% today. Expect to hear some news on how the WH is behind AI Data Centers
[img]
[/img]