Quantum computing stocks soar as Trump uses Biden-era legislation to award $2 billion in grants

It’s a good day to be an American quantum computing company—well, as long as you’re willing to give up some equity.  Nine major firms are splitting $2 billion in grants from the Trump administration, the Wall Street Journal reports. In return, the government will take varying equity stakes in each of the companies. IBM will receive half the award, putting it toward a new IBM company called Anderon. IBM will match the grant with another $1 billion in cash for the Albany, New York-based...