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Trump Media to merge with nuclear fusion company

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Trump Media & Technology will merge with TAE Technologies, a fusion power company, in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Shares of Trump Media & Technology, the parent company of President Donald Trump’s Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.

TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

Read more from the Associated Press.

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