Sure looks like the revised US Steel corporate charter does *not* create a golden share owned by the U.S. government, but instead gives personal veto power to Donald Trump, which only reverts to the U.S. Treasury and Commerce Department when he’s no longer president.

“Using a tactic now known as gastrodiplomacy …, the government of Thailand has intentionally bolstered the presence of Thai cuisine outside of Thailand to increase its export and tourism revenues, as well as its prominence on the cultural and diplomatic stages.” 🤯

Surprising endorsement, quite the coalition for The Zohran Situation:

A stark and unabashed upward transfer of wealth

Musk has completely normalized out-in-the-open billionaire election interference

On this week's show, David Dayen & Matt Stoller are joined by Alex Jacquez, former Biden Special Assistant & current Chief of Policy Groundwork Collaborative who shares his first hand understanding & insights on America's Rare Earth Problem. Link in reply, and thanks for listening!

Trump’s US Steel deal includes a “golden share” that gives the White House veto power over corporate decisions. Todd N. Tucker joined On Point to break down what this tells us about industrial and state power in today’s economy 🎙️ wbur.org/onpoint/2025/0…

Today in "Progressive Should Have Gotten There First": Trump has US government take an equity stake in rare earths producers MP Materials. Matthew Zeitlin has the story, w/ Alex Jacquez and Ashley Zumwalt-Forbes. heatmap.news/energy/mp-mate…

“We thought of the energy transition as a static, zero sum, how do we replace a with B—what China has shown us is that development is the master key, growth is the master key, to understanding how we bring about really rapid change in energy technology.”

The United States is “alarmingly dependent” on foreign countries for critical medicines—but tariffs alone will not improve resilience in U.S. pharmaceutical supply chains, argue Prashant Yadav (@prof-yadav.bsky.social) and Tom Bollyky. foreignaffairs.com/united-states/…

"One thing that’s already clear is that in this inflationary environment, states like New York with publicly owned power authorities are able to intervene more forcefully in their own power markets than states that lack such capability."

Using a crisis to hike prices on food and medicine is the definition of a shake-down. My legislation, the ‘Cracking Down on Price Gouging Act,’ strengthens existing law to create a national ban and finally holds bad actors accountable.

I have an essay in MIT MIT Technology Review today showing how “Trump’s AI Action Plan is a Distraction”—his administration is gutting the very policies that built US AI leadership. technologyreview.com/2025/07/24/112… 1/7

Like a price-hiking buddy system!