Trump Trade: U.S. acquires 10% stake in Trilogy Metals

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:

STAKE IN TRILOGY METALS: U.S. President Donald Trump approved the appeal of the Alaska Industrial Development and Export Authority, directing his Administration to promptly issue authorizations necessary for the establishment of the Ambler Road Project. This project will provide road transportation access to the Ambler Mining District. In addition, the U.S. government is announcing a partnership with Trilogy Metals (TMQ), investing $35.6M to support mining exploration in Alaska’s Ambler Mining District. This investment makes the U.S. government a 10% shareholder in Trilogy Metals and includes warrants to purchase an additional 7.5% of the company.

FANNIE MAE, FREDDIE MAC: Major banks are competing for lead roles in the potential IPOs of Fannie Mae (FNMA) and Freddie Mac (FMCC), which could be among the largest offerings ever, The Wall Street Journal’s Corrie Driebusch, Gina Heeb, and AnnaMaria Andriotis report. Bankers are navigating the unpredictable nature of the Trump administration and the complexities of taking government-backed entities public, according to the report, which adds that before the government shutdown, the plan was to select the lead banks imminently and kick off the process before the end of the year, but bankers and lawyers are now skeptical of the timeline. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

TRUCK TARIFFS: In a post to Truth Social, President Donald Trump stated, “Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%. Thank you for your attention to this matter!” Companies linked to truck production include Paccar (PCAR), Allison Transmission (ALSN), Cummins (CMI), Eaton (ETN) and Modine (MOD).

STAKE IN CRITICAL METALS: After a Reuters report suggesting that the federal government was considering a position in Critical Metals (CRML) sent shares skyrocketing, Bloomberg reported that a White House official said that the Trump administration is not currently considering a deal to take a stake in the rare earth mineral miner. The administration has received hundreds of deal proposals involving equity stakes, but it is not actively considering an agreement with Critical Metals, according to the official cites by Bloomberg.

HEALTHCARE POLICIES: President Donald Trump stated in a Truth Social post, “Democrats have SHUT DOWN the United States Government right in the midst of one of the most successful Economies, including a Record Stock Market, that our Country has ever had. This has sadly affected so many programs, services, and other elements of Society that Americans rely on – And it should not have happened. I am happy to work with the Democrats on their Failed Healthcare Policies, or anything else, but first they must allow our Government to re-open. In fact, they should open our Government tonight!”