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Trump Says US Weighing Taking Stakes In AI Companies

Zero Rss
1 day 14 hours ago
Trump Says US Weighing Taking Stakes In AI Companies

Authored by Jacob Burg via The Epoch Times,

President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies.

Trump made the comment in response to a question about a recent News of the United States report, which suggested that unnamed senior U.S. officials had discussed with major AI firms the possibility of the federal government holding some shares in their companies.

“There’s so much money that is so big that there are concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies,” Trump said aboard Air Force One.

“I have spoken to all of [the AI companies]. There’s something very interesting about it, where it almost becomes a partnership with the American public, and we’ll look into that,” he said.

Trump said he and his team have a meeting scheduled in the “very near future” with major AI firms to discuss this possible venture.

“We’re talking about it, where the American people can benefit from the success of AI, and by doing that, they can like it better,” Trump explained.

Sen. Bernie Sanders (I-Vt.) penned an op-ed in The New York Times on Monday titled “A.I. Is a Public Resource. You Should Own Half of It,” where he announced he would soon introduce congressional legislation to give the American public a direct ownership stake in the largest AI companies in the United States.

“It would create a sovereign wealth fund through a one-time 50 percent tax—not on the profits of OpenAI, Anthropic, xAI, and other companies, but paid with something far more valuable than that: the stock,” Sanders wrote in the piece.

He said the legislation, which he plans to call the American A.I. Sovereign Wealth Fund Act, would give the American public a direct role in determining the future of AI while also guaranteeing that the trillions generated by the industry are “used to improve the lives of all of us—not simply to make the richest people in the world even richer.”

When asked on Friday if he found it odd that he and Sanders were seemingly on the same page about the proposal, Trump said that the two “have certain things that aren’t that far apart” regarding economic policy.

“People are surprised, but if you’ll take a look, many of the people who voted for Bernie Sanders … they went to me,” Trump said, referring to some of the voters who backed him in the 2016 presidential election after previously supporting Sanders in the Democratic primary that year.

Trump signed an executive order on Tuesday asking AI companies to voluntarily submit their frontier models for government review 30 days before a full public release.

In a post on X hours after the order was announced, Sanders said it was “good news” that Trump had “finally acknowledged AI poses a real threat” after the president had previously criticized efforts to tighten regulation of the AI industry.

“The bad news? His executive order is voluntary and does almost nothing to protect Americans,“ Sanders wrote. “Congress MUST act.”

Tyler Durden Sat, 06/06/2026 - 12:50
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Second Flesh-Eating Screwworm Case Raises Beef Supply Fears As Goldman Warns Outbreak "Could Be Disruptive"

Zero Rss
1 day 14 hours ago
Second Flesh-Eating Screwworm Case Raises Beef Supply Fears As Goldman Warns Outbreak "Could Be Disruptive"

The U.S. Department of Agriculture (USDA) confirmed a second New World screwworm (NWS) case in a one-month-old calf in Zavala County, Texas, roughly 5.6 miles from the first confirmed detection.

For now, both cases remain inside what the USDA calls an "established movement control zone and enhanced sterile insect dispersal area." This suggests the outbreak is still contained within the USDA's active response perimeter. Nearby suspect cattle tests have been negative so far, limiting signs of broader spread at this point.

USDA confirmed the second NWS case late Friday. The agency reported the first case on Thursday (read the report).

USDA has confirmed a second detection of New World Screwworm in a one-month-old calf in Zavala County, Texas — approximately 5.6 miles from the first case.

With our partners in Texas, we are responding with speed and strength.

— New World Screwworm Rapid Response (@Screwworm_RR) June 5, 2026

The detection of NWS in the U.S. - once eradicated in the 1960s - has seen an ongoing resurgence across Panama, Central America, and Mexico. NWS burrows into living flesh, causing serious damage to livestock and economic losses. This biological threat to the U.S. cattle herd comes as the nation's herd level is already at a 75-year low, beef prices are at record highs, and meatpackers are under pressure from fewer and more expensive animals.

Cattle futures at record highs. 

Goldman analyst Thiago Bortoluci lays out the implications if NWS spreads across the US beef industry:

In our view, the potential spread of NWS into Texas could be disruptive: the state holds the largest cattle herd in the country (12.1M head, 14% of the U.S. total), ranks among the top regions for feeder cattle (15%) and cattle on feed (22%), and is one of the most relevant sources of cattle shipped across state lines.

Should the Texas case be confirmed, we would expect:

Further pressure on the U.S. cattle herd, extending what has already been a multi-year downcycle, with elevated cattle costs further squeezing packers' profitability. Potentially weaker consumer demand for beef, ahead of the seasonally high grilling season and the upcoming FIFA World Cup. Some short-term demand substitution effect toward chicken.

Read-across to our coverage JBS currently operates one plant in Texas, but we believe the negative externalities could extend into nearby states and potentially also impact MBRF's National Beef operations (especially Liberal and Dodge City), given inter-state cattle trade. We estimate that each -50bp change in U.S. beef profitability would translate into a -3% impact on MBRF's and JBS's consolidated forward EBITDA.

On the flip side, the scenario could potentially be supportive for South American beef exporters given good cattle availability and no evidence of NWS in the continent till now. If this trend were to persist, Minerva would be the clearest beneficiary across our coverage, as exports to the U.S. account for 11% of its total sales.

Base case: heightened NWS biosecurity surveillance across Texas and tighter cattle movement controls, not mass culling

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