“… If Trump decides to go ahead and pursue a piece of Novo Nordisk, he would be under more public pressure to successfully lower the cost of prescriptions.”
#USACo
#corporations
#ddrm
bsky.app/profile/char...
“… If not for a patient on Eli Lilly’s GLP-1 medication physically collapsing during the press conference, Trump’s open desire for a piece of Novo Nordisk might have been the headline from the meeting, and not the supposed goal of lowering drug prices.”
#USACo
#ddrm
bsky.app/profile/atru...
“… It’s unclear how serious Trump is about asking for a piece of the pharmaceutical giant, but his government has already taken stakes in several American companies, including U.S. Steel, Intel, Trilogy Metals, Lithium Americas, and MP Materials.”
#USACo
#corporations
#ddrm
bsky.app/profile/sale...
“… Trump quipped to CEO Maziar Mike Doustdar, “Maybe you should give us a piece of the company like I’ve been asking for, give the United States a nice big chunk of the company.””
#USACo
#corporations
#ddrm
bsky.app/profile/atru...
‘Trump Admits on Live TV That He Told CEO to Give Him Piece of Company’
“When a reporter asked the president about Novo Nordisk’s acquisition of an obesity biotech company, Trump quipped to CEO Maziar Mike Doustdar…”
#USACo
#corporations
#ddrm
newrepublic.com/post/202843/...
‘Pfizer, Trump strike drug pricing deal’
“The deal marks a success for Trump, who has been pressuring industries to comply with his requests voluntarily. It is unclear how the deal will impact prices in the commercial insurance market.”
#corporations
#USACo
#ddrm
www.politico.com/news/2025/09...
“… Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… Koo also said that was the original rationale for the SEC’s policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession.”
#USACo
#ddrm
‘Trump says the US should do away with quarterly earnings reports’
“Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… President Donald Trump has taken it upon himself to obtain partial U.S. government ownership of major companies, entangling government with private enterprise in a way that would disgust Republicans of the past.”
#USACo
#corporations
#ddrm
www.usatoday.com/story/opinio...
‘Are Republicans socialist now? Trump's Intel deal overreaches on government control.’
‘From the government taking stakes in major corporations to Trump's overarching love of tariffs, the GOP clearly has no interest in its free market history.’
#USACo
#ddrm
www.usatoday.com/story/opinio...
“… President Donald Trump says he's just getting started as the nation's financial advisor.”
“Trump called the people who criticized the deal "stupid," vowing that he would continue to make such agreements.”
#USACo
#corporations
#ddrm
bsky.app/profile/andr...
‘The US-Intel investment is a rare kind of deal. Trump says he wants more of them.’
“President Donald Trump says he's just getting started as the nation's financial advisor.”
#USACo
#corporate
#ddrm
www.businessinsider.com/trump-says-t...
“… In addition to Lutnick’s comments about targeting defense contractors, Trump’s top economic adviser has also said … the president is interested in setting up a sovereign wealth fund in which federal government would invest in an array of companies.”
#USACo
#corporate
#ddrm
“… Then earlier this month came his deal with Nvidia and AMD to give the U.S. government a 15% cut of revenue from selling certain chips to China.””
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… In July, he spent $400 million of taxpayer money on MP Materials stock to make the U.S government the biggest owner in the Las Vegas rare earths miner.“
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… In June, Trump struck a deal approving Nippon Steel’s takeover of U.S. Steel in exchange for a “ golden share ” that essentially gives the U.S. government veto power to ensure national security interests are protected against cutbacks in steel production.”
#USACo
#corporate
#ddrm
“… In addition to telling Apple not to shift production to India, he has gotten Coca-Cola to change ingredients and warned Walmart not to raise prices.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… Trump has erected the highest tariffs in decades, a trading strategy that his party has long rejected, and has tried to influence corporate decisions the GOP used to say were best left to business owners.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… That Trump would be labeled a “socialist” by members of his own party is ironic given that he has long wielded that term against his opponents.
Yet in some ways the Intel move fits a pattern.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… Trump argues that he got the Intel stake for free by converting $11.1 billion of funding into the equity stake.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… innovation requires ruthless competition, an endless drive for an advantage — and now they might accept a disadvantage because they need the political win.” “
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… And even short-term gains from government ownership, such as more companies buying Intel semiconductors, will hurt business in the end by saddling those companies with inferior chips.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… Intel could end up making decisions now to please Trump even if they’re impractical, say, by going ahead with plans to open a long-promised chipmaking factory in Ohio.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… The U.S. government is getting a 10% stake in Intel through the conversion of billions in previously granted government funds and pledges, making it one of Intel’s largest shareholders.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… But the Intel move is a startling defiance of Republican orthodoxy that says governments shouldn’t try to pick #corporate winners and losers & risk messing things up as owners by rewarding executives for politically smart but financially stupid decisions.”
#USACo
#ddrm
apnews.com/article/trum...
“… Free-market conservatives were already wary of Trump’s tendency to interfere in corporate decision-making by, for example, telling Apple where it should make iPhones, or even demanding a cut of Nvidia’s sales of chips to China.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… One possible target: defense contractors, whom Commerce Secretary Howard Lutnick told CNBC Tuesday were ripe for the picking given the U.S. government is a big customer.”
#USACo
#corporate
#ddrm
apnews.com/article/trum...
“… He suggested Goldman Sachs hire a new economist after the firm said consumers would eventually bear the brunt of Trump's import tariffs.
"The president of the United States is telling Goldman Sachs they should fire an employee? That's crazy””
#USACo
#corporate
#ddrm
“… No business issue seems too small to escape Trump's eye. He applauded American Eagle's controversial ad campaign for jeans featuring actress Sydney Sweeney, which some criticized for possibly raising genetic traits in a racial context.”
#USACo
#corporate
#ddrm
www.reuters.com/world/us/tru...
