CNBC Daily Open: U.S. wants equity in private businesses — staking its reputation

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

“State-owned enterprise” is a term you wouldn’t normally bandy about when mentioning the United States — especially not with the country’s Republican party, which has been associated with a laissez-faire approach to businesses and the economy.

If White House gets it way, however, it appears that the government’s 10% stake in Intel is just the start. U.S. President Donald Trump in a Truth Social post signaled favoring companies that strike similar “lucrative” deals with the government.

Earlier in the day, Kevin Hassett, Trump’s economic advisor, told CNBC that “at some point there’ll be more transactions, if not in this industry then other industries.”