Reported about 4 hours ago
US Commerce Secretary Howard Lutnick stated that the government is considering investments in the defense sector and other industries after acquiring a 10% stake in Intel. He highlighted the importance of defense companies like Lockheed Martin, which generates significant revenue from government contracts. Lutnick emphasized the need to finance munitions acquisitions and noted that talks will continue to ensure taxpayers benefit from such investments. His comments come after a new deal aimed at revitalizing Intel, reflecting a shift in economic strategy under the Trump administration.
Source: YAHOO