President Donald Trump's social media company will provide the capital needed to bring TAE Technologies' first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer told CNBC on Thursday.Binderbauer spoke shortly after his privately held company and Trump Media and Technology Group announced plans for an all-stock merger valued at more than $6 billion.The CEO said the deal would combine Trump Media's "fortress balance sheet" with TAE's technologies."We've got capability and techn ...

Trump Media & Technology Group (DJT) shares have jumped 35% Thursday following an announcement that the firm has agreed to merge with fusion power firm TAE Technologies in a $6 billion all-stock transaction. DJT was recently changing hands at $14.13 shortly after the opening bell on Thursday, though shares remain down more than 58% year-to-date. “Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a ...

Alex, stay with us for just a moment because we've got some news about a new media merger and it's pretty unusual one. Uh, the Trump Media and Technology Group is announcing plans to merge with TAE Technologies. That is a fusion power company.This is an all stock merger of equals that's valued at more than $6 billion. And upon closing, Trump Media will be a holding company for its current portfolio of media brands including Truth Social. also the power brands that are owned by TAE.If you read this release, ...