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Stock impact report

Trump Media to merge with nuclear fusion firm in $6bn deal [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
Trump Media & Technology Group (TMTG) and TAE Technologies announced the plans on Thursday in a joint statement, which said the move would "create one of the world's first publicly traded fusion companies". Fusion power is a method of generating energy from heat released by nuclear fusion reactions. It could release vast amounts of energy with little associated radioactivity. The statement said the combined company planned to begin constructing the "world's first utility-scale fusion power plant" next year, with further plants to follow. Under the merger both firms will have an equal 50% share in ownership after the deal is completed, which is expected by mid-2026 pending regulatory and shareholder approvals. TAE Technologies provides technology for energy storage and power delivery systems for batteries and electric vehicles. Its umbrella organisation, TAE Life Sciences, develops technologies and drugs for treating cancer patients. The tie-up with the firm signals a bold a Show less Read more
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