Trump Says Intel Stake Tops $50 Billion as S&P 500 Hits 57 Record Highs

8 articles · Updated · The White House · May 18

$50 billion is the reported value of the taxpayer equity stake tied to Trump's Intel deal, which he said was secured last year and has surged in eight months.
Trump cast the gain as proof that his America First agenda and support for domestic manufacturing are lifting business confidence and U.S. industry.
57 record highs for the S&P 500 led a broader market run that also included 50 for the Nasdaq, 26 for the Dow and 44 for the NYSE Composite.
50,000 was the Dow's first-ever closing milestone in that rally, which Trump said has created trillions in wealth for families, retirees, workers and businesses.

With taxpayers owning stakes in top tech firms, who really controls the future of American innovation?

The US government is now a venture capitalist. What happens when its bets, like Intel, go wrong?