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May 28, 2025

What is a "golden share"?

The sale of U.S. Steel to Japanese firm Nippon Steel appears close. And it's expected to give an unusual role to the U.S. government.

Offshore wind industry whiplashed by changing Trump administration policies
by Daniel Ackerman
John Moore/Getty Images
The Trump administration reversed course last week and allowed a $5 billion offshore wind project to proceed, but the industry still faces a difficult political environment.
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"Sell in May and go away?" Don't think so!
After the S&P went up 2% on Tuesday, the talk among market participants is a sense — perhaps unfounded in reality — that the big Trump tariff shocks are now behind us. This after sudden new tariffs on Europe were quickly delayed for some weeks. With Memorial Day behind us, is it time to relax for the summer and set portfolios on "cruise control" until Labor Day? Susan Schmidt, portfolio manager at Exchange Capital Resources, thinks otherwise.
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An unusual setup in the US Steel-Nippon Steel deal
by Henry Epp
A “golden share” would likely give the government veto power over some company decisions. It’s not clear what exactly that would entail in the case of U.S. Steel. But it could limit the company’s ability to move or shut down production.
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