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-0.00144284205366815 -0.00836710320117636 -0.00657908362270715 -0.0176868963708035 -0.0290156227347724 -0.0196958295651453 -0.0345384631315885 -0.0328125755075836
Stock impact report

Trump Media stock surges more than 30% on surprise merger with energy firm TAE [Yahoo! Finance Canada]

Trump Media & Technology Group Corp. (DJT) 
Trump Media & Technology Group ( DJT ) stock surged more than 35% on Thursday after the parent company of Truth Social announced a merger with fusion power firm TAE Technologies. The deal underscores a bet on the energy demands from AI and data centers, and the technologies that could prevail. TAE's backers include tech giant Google ( GOOG GOOGL ), Goldman Sachs ( GS ) and oil major Chevron ( CVX The agreement, valued at more than $6 billion, is a bet on the future of fusion, a type of nuclear technology that mimics the way stars produce light and heat. Fusion is carbon-free and produces significantly less radioactive waste than traditional nuclear power. The technology is not commercially available yet, but the deal includes an immediate $200 million in cash at signing. This funding is intended facilitate the start of construction on the company's first utility-scale fusion power plant in 2026. Under the terms of the deal, TMTG shareholders and TAE shareholders will each own Show less Read more
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