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Tim Cook's Glass Gift Sparks Debate on Crony Capitalism

9/26/2025

25 4

Summary

Story summary

In August 2025, Apple CEO Tim Cook presented President Donald Trump a glass disc amid Intel investment rumors.
The Treasury Department previously sold its Intel stake, reflecting bipartisan support for free market principles.
Trump demanded a golden share in U.S. Steel for Nippon Steel's purchase.
Critics such as Michael Strain warn these moves could spur crony capitalism and harm competition.

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Story summary

In August 2025, Apple CEO Tim Cook presented President Donald Trump a glass disc amid Intel investment rumors.
The Treasury Department previously sold its Intel stake, reflecting bipartisan support for free market principles.
Trump demanded a golden share in U.S. Steel for Nippon Steel's purchase.
Critics such as Michael Strain warn these moves could spur crony capitalism and harm competition.