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:
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WEIGHT LOSS DRUG DEAL: The Trump administration is negotiating a deal with Eli Lilly (LLY) and Novo Nordisk (NVO) that would allow the lowest doses of some of their weight loss drugs to be sold to consumers at $149 for a month’s supply via TrumpRx, Liz Essley Whyte and Peter Loftus of Wall Street Journal report, citing people familiar with the matter. The deals would also result in Medicare and Medicaid covering the drugs, sources told the Journal. Trump is expected to announce the deals on Thursday morning at the White House with company executives, the people said.
SNAP BENEFITS: President Donald Trump stated in a Truth Social post, “SNAP BENEFITS, which increased by Billions and Billions of Dollars (MANY FOLD!) during Crooked Joe Biden’s disastrous term in office (Due to the fact that they were haphazardly “handed” to anyone for the asking, as opposed to just those in need, which is the purpose of SNAP!), will be given only when the Radical Left Democrats open up government, which they can easily do, and not before! Thank you for your attention to this matter. President DJT” Publicly traded companies in the grocery space include Walmart (WMT), Target (TGT), Costco (COST), Kroger (KR), Albertsons (ACI), Whole Foods (AMZN), Grocery Outlet (GO), and Sprouts Farmers Market (SFM).
NASA ADMINISTRATOR: In a post to Truth Social, President Donald Trump stated, “Sean Duffy has done an incredible job as Interim Administrator of the National Aeronautics and Space Administration (NASA). This evening, I am pleased to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of NASA. Jared’s passion for Space, astronaut experience, and dedication to pushing the boundaries of exploration, unlocking the mysteries of the universe, and advancing the new Space economy, make him ideally suited to lead NASA into a bold new Era. Congratulations to Jared, his wife Monica, and their children, Mila and Liv. Thank you for your attention to this matter! President DJT” Isaacman is Shift4 Payments’ (FOUR) executive chairman.
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