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0.000683526999316458 0 -0.00136705399863292 0 -0.0040806561859193 -0.0040806561859193 -0.0040806561859193 -0.0040806561859193
Stock impact report

Why Trump Media Stock Skyrocketed Today [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Trump Media & Technology Group › Shares of Trump Media & Technology Group (NASDAQ: DJT) surged on Thursday after the company announced a $6 billion merger with TAE Technologies. By the close of trading, DJT's stock price was up more than 40%. The union would combine Trump Media's substantial financial resources with TAE's advanced technology to create one of the world's first publicly traded fusion power companies. Under the terms of the deal, TMTG will provide up to $300 million in cash to fund TAE's development projects. TAE brings more than 1,600 patents, an experienced scientific team, and respected CEO Michl Binderbauer, who will serve as co-CEO of the combined company along with Trump Media CEO Devin Nunes. The merged enterprise plans to begin construction on the world's first utility-scale fusion plant with a projected 50 Megawatts of electrical power, subject to regulatory approval. "We're excited to identify our first site and begin Show less Read more
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