Unbiased AI-powered news
A new CNBC All-America Economic Survey shows 49% of registered voters view federal ownership stakes in U.S. companies as inappropriate. The results arrive as the Trump administration pursues equity positions tied to grants and national security deals.
axios.com-based companies. Nineteen percent said such ownership is appropriate, while 32% remained undecided. The poll, conducted July 8-12 with 1,000 registered voters and a margin of error of plus or minus 3.1 percentage points, was carried out in collaboration with Hart Research Associates and Public Opinion Strategies.
The findings coincide with the Trump administration's pursuit of government equity positions. The administration has negotiated 30 deals worth nearly $27 billion, according to the Council on Foreign Relations. It has also held talks with OpenAI about a potential stake when the company goes public.
In August the U.S. government took a 10% ownership stake in chipmaker Intel after the prior administration had agreed to provide $8.9 billion in grants under legislation passed during the Biden administration. The Trump administration required equity in exchange for the grants.
Intel's stock price has risen 372% since the stake was acquired, making the government's 10% holding worth $42 billion as of Thursday's close. Commerce Secretary Howard Lutnick discussed the Intel stake with Senate Republicans at a policy lunch last week. Sen.
Sen. " Husted is sponsoring legislation that would allow the U.S. government to invest in companies for national security reasons but limit any holding to eight years. Other government stakes have been tied to efforts to secure domestic access to resources and technologies needed for national defense, including support for MP Materials, a company that mines rare earths in the United States.
foxnews.comThe agency said a July 18 laboratory result was a false positive after Taylor Farms claimed an apology. The voluntary recall of Central Mexican iceberg lettuce sold in 27 states remains in place.
news.sky.comThe Irish carrier cut fares to offset weaker bookings as jet fuel costs rose after U.S. and Israeli strikes on Iran. Revenue edged higher while passenger numbers increased 6 percent.
Boeing CEO Kelly Ortberg told CNBC that the company requires additional time to stabilize its finances and meet technology and demand conditions before launching a new commercial aircraft. He spoke Monday at the Farnborough International Airshow in the U.K.