Trump Media plans to merge with a company developing nuclear fusion technology, putting the president’s financial interests in competition with other energy companies over which his administration holds sway.
A Trump-sponsored business is once again betting on an industry that the president has championed, further entwining his personal fortunes in sectors that his administration is both supporting and overseeing.
This one is in the nuclear power sector. TAE Technologies, which is developing fusion energy, said on Thursday that it planned to merge with Trump Media & Technology Group. President Trump is the largest shareholder of the money-losing social media and crypto investing firm that bears his name, and he will remain a major investor in the combined company.
