Trump Supports Lockheed Martin's F-35 Sale to Turkey
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.STRATEGIC BITCOIN RESERVE:The Trump administration is evaluating how to structure a proposed Strategic Bitcoin Reserve, with the Treasury Department and the Department of Commerce both under consideration to oversee it as legal questions remain over which agency has the authority, while the Office of Legal Counsel is working with both departments to determine the legally permissible framework, Bloomberg's Olga Kharif, Jeff Mason, and Jimmy Jenkins. Publicly traded companies in the space include Bit Digital, Bitfarms, Circle Internet, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Riot Platforms, Strategy, Stronghold Digital Miningand TeraWulf.WALMART PRICES:In a post on Truth Social, President Trump stated, "Great news! I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration's request to celebrate our great Country's 250th birthday. Walmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products. This is a huge deal for the many millions of Americans who, smartly, shop at Walmart, which is a truly patriotic Company who loves the U.S.A. My Administration is lowering prices that Joe Biden incompetently raised with the worst inflation crisis in history, a total disaster along with the Southern Border, the botched withdrawal from Afghanistan, and many other failures. Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, just like egg and Prescription Drug prices which I am bringing down by historic levels. Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots. Together, we will make America stronger and greater than ever before!"F-35 JETS SALE:President Donald Trump is expected to support a potential sale of Lockheed Martin'sF-35 Lightning II jets to Turkey during a visit to Ankara, signaling closer ties with Recep Tayyip Erdogan despite unresolved legal and congressional hurdles, Reuters' Humeyra Pamuk.COAL WASTE GRANT:Core Natural Resourcesannounced that its subsidiary, CONSOL Innovations, has been selected for a multi-million-dollar grant by the U.S. Department of Energy's Office of Critical Minerals and Energy Innovation. The funding is intended to support the development of a pilot-scale facility for the extraction of rare earth elements and critical materials from coal waste tailings at the company's Pennsylvania Mining Complex. The final grant amount is contingent on completing negotiations with the regulatory agency. "We applaud the Trump Administration for its great leadership and support in seeking to unlock the full potential of America's coal resources, and we look forward to partnering with the Department of Energy as we take the next steps in exploring rare earth element and critical mineral extraction at our operations," said Jimmy Brock, Core's chairman and CEO.
