Trump sons back new drone company targeting Pentagon sales, WSJ reports; Powerus says it plans to acquire Ukrainian drone technology to sell to the US military
Newsquawk Staff ·
Trump sons back new drone company targeting Pentagon sales, WSJ reports; Powerus says it plans to acquire Ukrainian drone technology to sell to the US military.
What it means
The involvement of Trump's sons in a drone company aiming for Pentagon sales highlights an evolving defense landscape that could influence US military procurement strategies. This development might be seen as a boost for the defense sector and could also affect market sentiment in related equities, particularly in defense stocks and commodities like metals used in manufacturing such technology.
Sources
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- Russian Deputy Foreign Minister Ryabkov says Russia remains in the preparatory phase for negotiations on Ukraine, TASS reports
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US
- Israeli PM Netanyahu's bloc has 56 seats and opposition has 49 seats after 50.1% of votes were counted, according to Israel's Channel 12
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