A memo between the US and Ukraine outlines the terms of a defense deal between the two countries, CBS reports; It would allow Ukraine to export its military tech to the US and manufacture drones in joint ventures with American companies

The defense deal memo signals a deepening military partnership between the US and Ukraine, reflecting enhanced geopolitical ties amid ongoing tensions. This could bolster Ukraine's military capabilities while also potentially allowing US companies to expand their defense contracts, impacting defense stocks and related sectors positively. Watch for market reactions in defense equities and any shifts in risk sentiment, especially surrounding broader European stability.