U.S. Sovereign Fund Gambit

By executive order, the administration moves to create a U.S. sovereign wealth fund to finance factory scale-up in strategic sectors, crowding in private capital where hurdle rates block investment. A permanent state investor would deploy equity, loans, and price-floor contracts to bridge the 'valley of death.' — Institutionalizes state capital allocation in the U.S. economy, reshaping governance, market structure, and accountability in industrial policy far beyond ad hoc subsidies.