In return for CHIPS Act funds, the commerce secretary says Intel must give the U.S. government an equity stake
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump with this daily recap compiled by The Fly:
INTEL STAKE:
Commerce Secretary Howard Lutnick said that in return for CHIPS Act funds, Intel (INTC) must give the U.S. government an equity stake. The comments were made while Lutnick was being interviewed on CNBC’s “Squawk on the Street.”
BOND SPREE:
President Donald Trump has bought hundreds of bonds since he returned to office, including those sold by U.S. companies affected by federal policy changes he’s championed, Bloomberg reports. The bonds, which total at least $103.7M, include municipal bonds and corporate debt from companies such as Qualcomm (QCOM), Home Depot (HD), and Meta Platforms (META), according to the report, which adds that the investments are part of Trump’s continued pursuit of wealth accumulation while in office.
TARIFF REVENUE TO OFFSET OBBB:
S&P Global on Tuesday said it expects tariff-related revenue for the federal government to offset the impact of Trump’s “One Big Beautiful Bill,” leading the agency to leave the U.S.′ credit rating unchanged.
MUSK PUMPS BRAKES ON THIRD PARTY PLANS:
Tesla (TSLA) CEO Elon Musk is quietly pumping the brakes on plans to start a third political party, the America Party, with a desire to focus on his companies, The Wall Street Journal’s Brian Schwartz reports. Musk is wary of alienating Republicans and wants to maintain ties with Vice President JD Vance, a potential 2028 presidential candidate, according to people with knowledge of his plans. The Tesla CEO’s team canceled a meeting with a third-party campaign-organizing group, according to the report.
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Originally Posted August 20, 2025 – Trump Trade: Lutnick says Intel must give stake to government
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