If Donald is investing in the nuclear industry, by swapping shares between Trump Media & Technology Group, listed on the Nasdaq, and TAE Technologies, it’s for at least two good reasons
On one hand, to make a smart move and a nice shot on the stock market, as his fortune, according to Forbes, climbed from $400 million to $6.7 billion. It’s just market capitalization that could collapse in a blink of an eye, but it’s proof that the market is following his ambition.
On the other hand, he will use his position of authority as President to lower the level of controls – he hates regulations ! – that some investors say, hammered the nuclear industry. If controls are ignored, safety will also decrease. Is Donald cooking up the next Three Mile Island syndrome in our nice country ? I am afraid that yes, he is…
It’s worth remembering that the company in which Donald invests is researching a technology that is far from mature. TAE Technologies has been seeking stock market financing since 1998 to achieve nuclear fusion, producing more electricity than the reactor consumes. The TAE company has just found the sucker it has been waiting for. For decades…
And the President has just created a new and potentially very dangerous conflict of interest. But a such huge dilemma looks also so juicy. Who could resist that? Not Donald, that’s for sure.