Person
American entrepreneur and former presidential candidate who founded Strive Asset Management and is the Republican nominee for Ohio governor.
Ohio lawmakers passed a 90-day fuel tax holiday that lifts the 47-cent diesel tax, bringing relief to about a third of U.S. states, per an AP review. Each state sets its own terms and end dates, so a multi-state fleet's fuel budget can now change within weeks.
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The asset manager paid for the coins with fresh common and preferred stock. Back out the two disclosed percentages and the fully diluted share count grew about 4% in a single week.
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Trump is telling communities that refusing data centers will leave them poor, while Abbott and Pillen have paused approvals in their own states. That gap is where the schedule risk on a project now sits.
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Defiance has a six-month approval moratorium already in force and a November 3 measure to bar all but the smallest data centres. Statewide, a Bowling Green State University poll put support for a temporary ban at 71%.
Reality
Chamath Palihapitiya says the state-level revolt against AI data centers could cost 200 to 300 basis points of annual US GDP. The permitting risk is now bipartisan.
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Republicans who cheered the AI buildout are running on "guardrails" and tax-break repeal. For anyone underwriting capex against state abatements, the discount rate just moved.
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