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-0.00141503062610768 -0.00141503062610768 0.000785145229185226 0.00142024753792949 0.000966603031683569 0.00629692598007351 0.00830997347653987 0.00681861716225626
Stock impact report

Trump Media to merge with fusion energy company TAE in $6 billion deal [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
TAE, which is privately owned, is developing technology aimed at producing energy by fusing atomic nuclei. Trump Media & Technology owns President Donald Trump's Truth Social platform. Former California lawmaker Devin Nunes, now chief executive of Trump Media, will serve as co-CEO of the new company with TAE Technologies CEO Michl Binderbauer, according to a statement from the two companies Thursday. The merger comes amid a difficult year for Trump Media shares, which trade under the ticker DJT — the same as Mr. Trump's initials. Through Wednesday, the stock was down 69% for the year, even as the S&P 500 had gained 14%. After the merger was announced Thursday morning, Trump Media shares jumped $2.25, or 21%, to $12.72 in pre-market trading. The combination represents "a major play on creating the first public nuclear fusion company in the U.S.," Wedbush Securities analyst Dan Ives said in a report. TAE's investors include Google, Chevron and Goldman Sachs, he noted. TAE has Show less Read more
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