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How Trump Is Changing American Capitalism

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September 2, 2025

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In a series of extraordinary deals, President Trump has muscled himself directly into the business of corporate America.

The U.S. government has been made the largest shareholder of Intel, one of the most iconic companies in the country. Senator Bernie Sanders has praised the move, while conservatives have criticized it as socialism.

Andrew Ross Sorkin, a columnist at The Times, explains how Mr. Trump’s deal could reshape America’s approach to capitalism.

GuestAndrew Ross Sorkin () , a columnist and the founder and editor at large of DealBook () , which publishes the flagship business and policy newsletter of The New York Times.

Background reading:

• Intel agreed to sell a 10 percent stake in its business () to the U.S. government.

• From DealBookTrump may expand his revision of U.S. capitalism () .

For more information on today’s episode, visit nytimes.com/thedaily () . Transcripts of each episode will be made available by the next workday.

Photo: Tierney L. Cross/The New York Times

Subscribe today at nytimes.com/podcasts () or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Guests & Subjects Covered

President TrumpAmerica The USSenator Bernie SandersAndrew Ross SorkinThe TimesMr TrumpsGuest Andrew Ross SorkinFrom DealBook Trump

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