Trump Uses Government-Investing Push to Boost Nuclear Industry

Keen to bolster a domestic nuclear industry that’s built just three reactors this century, the Trump administration is opting to use a government-investment strategy it’s applied to the mining, steel and semiconductor industries.

Under a pact announced Tuesday, the administration is committing more than $80 billion to buy reactors from Westinghouse Electric Co. It follows moves to take equity positions in chip giant Intel Corp. and United States Steel Corp.

The goal: help ease financing concerns that have deterred project development — even as enthusiasm for new reactors mounts.

Indeed, while President Donald Trump has championed the country’s nuclear industry, ...