Since President Donald Trump's return to the Oval Office, the federal government has trademarked its own version of Republican socialism by nationalizing steel production and taking equity stakes in chip manufacturers and mining projects. Now, it's getting involved in the nuclear power sector.
On Tuesday, Westinghouse Electric Company announced that it had entered "into a strategic partnership" with the federal government, Brookfield Asset Management, and uranium fuel supplier Cameco Corporation to build "at least" $80 billion worth of Westinghouse's AP1000 nuclear reactors across the country. The agreement was made "in accordance" with Trump's May executive order, which called for the deployment of 10 new large nuclear reactors in the U.S. by 2030, according to Westinghouse.
