Political Meddling Overshadows Strategic Win Intel (NASDAQ:INTC) stock is down 2.2% in morning trading today after President Trump publicly called for CEO Lip-Bu Tan’s resignation, citing a “conflict of interest.

Aug 7 (Reuters) - U.S. President Donald Trump on Thursday demanded the immediate resignation of Intel's new CEO, Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about the future of the American chip icon.

Though Trump frequently issues, then abandons, maximalist positions, the president has a lot of leverage with Intel.