Critical Minerals and Industrial Policy

Government filings show Stephen Miller sold $50,000–$100,000 of MP Materials shares on Aug. 14, 2025, a month after the Trump administration announced it would take an equity stake in and purchase products from the rare-earth miner, a move that sharply boosted the stock. The New York Times reports Miller also unloaded holdings in nearly two dozen companies, including Intel and Westinghouse, which the administration later backed, while ethics experts say the timing raises conflict-of-interest concerns even though Miller wasn’t a named negotiator.