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Sen. Warren’s Mixed Reaction to Intel-TRUMP Deal Fails to Deter Shareholders
Sen. Warren’s Mixed Reaction to Intel-TRUMP Deal Fails to Deter Shareholders
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BTCCSquare news:
Intel's (NASDAQ:INTC) recent deal with the TRUMP administration drew a nuanced response from Sen. Elizabeth Warren, a frequent critic of the former president. While Warren voiced support for the concept of equity stakes—a provision she previously attempted to embed in the CHIPS Act—she clarified her stance in a letter to the Commerce Department, emphasizing that such stakes should complement, not replace, existing regulatory tools.
Market reaction remained bullish, with Intel shares climbing over 2% during Thursday afternoon trading. The deal, which substitutes CHIPS Act conditions with equity stakes, reflects an unexpected alignment between Warren's policy vision and the Trump administration's execution—albeit with diverging intent.
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