US 'Sepi' intervention hits 30+ firms, $25B; sovereign fund mulled

The US government, under Trump, is escalating intervention in private companies, affecting over 30 firms including Intel, IBM, and Lithium Americas, with a combined $25 billion impact. Reports suggest consideration of a sovereign wealth fund, marking a significant shift toward state-led economic policy. The scope and legal basis remain unclear, but the move signals a departure from traditional US market principles.