Trump Media to Merge with Fusion Power Startup TAE in $6B Deal
Trump Media & Technology Group (TMTG) is merging with nuclear fusion startup TAE Technologies in a $6 billion all-stock agreement. The deal grants TAE up to $300 million in cash and marks a strategic shift for TMTG, which has suffered a 70% drop in value this year. TMTG Chairman Devin Nunes and TAE CEO Dr. Michl Binderbauer will co-lead the merged company, which plans to begin construction on a 50 MWe fusion power plant by 2026. The pivot, driven in part by AI’s growing energy demands, led to a 30% premarket stock surge for TMTG. Read More (Axios Rating)
FCC Chair Declares Agency No Longer Independent, Raising Press Freedom Concerns
Federal Communications Commission Chair Brendan Carr stated during Senate testimony that the FCC no longer functions independently from the White House, a break from long-standing regulatory norms. A Trump appointee, Carr’s remarks follow increasing scrutiny of FCC probes into news outlets critical of former President Trump. After the hearing, references to FCC independence vanished from its website. Critics, including some Republicans, warn this alignment with presidential power threatens press freedoms and could chill investigative reporting, as seen in a recent case involving a California radio station. Read More (NewsFactsNetwork Rating)
TikTok Strikes Deal with Investors to Form U.S. Joint Venture
TikTok has signed a deal with a group of investors to create an independent U.S. entity, aiming to comply with a divest-or-ban law passed in 2024. According to an internal memo, the new joint venture will handle U.S. data protection and algorithm governance while remaining tied to TikTok’s global services. The announcement follows a Supreme Court ruling upholding the law that deemed TikTok a security risk. The sale, reportedly valued at $14 billion, was approved by President Trump and involves Oracle, Larry Ellison, and possibly Rupert Murdoch and Michael Dell. The venture is expected to launch in January. Read More (Yahoo Finance Rating)
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