Marketplace Morning Report What is a "golden share"?
May 28, 2025
The podcast dives into the revival of the Empire Wind Project, shedding light on the challenges faced by offshore wind developers. It discusses the political nuances and market reactions surrounding the proposed sale of U.S. Steel to Nippon Steel, revealing concerns over government involvement. With investor optimism contrasting market volatility, the conversation encourages vigilance amidst a backdrop of ever-changing policies and noisy online narratives.
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Uncertainty in Offshore Wind Sector
- Offshore wind projects face uncertainty due to policy shifts and potential tax credit elimination.
- These issues could delay new investments and push supply chains abroad despite state-level commitments.
Stay Vigilant in Market Volatility
- Investors should stay alert and not ignore markets in summer despite tariff delays.
- Volatility driven by political news will continue, requiring close attention to market movements.
Golden Share Precedent in U.S.
- A golden share is rare in the U.S. but has precedent during crises, like the government stake in GM after 2008.
- Such government involvement typically isn't permanent and focuses on protecting key operations.