The U.S. government invested $27 billion in corporate stakes. Good luck finding them

The Trump administration has invested roughly $26.7 billion across 30 equity or quasi-equity deals, headlined by a 9.9% stake in chipmaker Intel that’s now worth $42 billion. Recommended Video Others include $400 million into rare-earth miner MP Materials to loosen China’s grip on magnet supply chains, the “golden share” in U.S. Steel retained as a condition of its sale to Japan’s Nippon Steel, or the flurry of stakes in quantum computing firms. But with all that dealmaking, those wary of government’s corruptive tendencies—and of President Donald Trump’s own trading—might want to see some transparency. The portfolio, however, is nowhere to be found.

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