SoftBank Project Fee Slashed By Over 90% Amid Uncertainty Over $550 Billion US-Japan Trade Deal: Report - GE Vernova (NYSE:GEV), SoftBank Group (OTC:SFTBY)

SoftBank Project Fee Slashed By Over 90% Amid Uncertainty Over $550 Billion US-Japan Trade Deal: Report - GE Vernova (NYSE:GEV), SoftBank Group (OTC:SFTBY)

The anticipated ¥1 trillion ($6.3 billion) fee for SoftBank Group Corp. (OTC:SFTBY) from a U.S.-Japan project has been slashed by over 90% due to intervention from Tokyo officials amid growing concerns over the $550 billion joint investment plan between the U.S. and Japan. SoftBank’s Role In The Deal SoftBank was originally slated to earn fees from building and operating a $33 billion gas-fired power plant in Ohio. The project marks the first ou…