US politics
fromwww.mediaite.com
4 days agoHegseth's Broker Sought To Invest in Defense Contractors
Pete Hegseth's broker sought a multimillion-dollar investment in a defense ETF before the Iran war, but the investment did not proceed.
The planned investments are part of a wider $1.5 trillion effort known as the Security and Resilience Initiative (SRI), which was announced by the world's largest bank in October. Days after launch, J.P. Morgan revealed its first investment as part of initiative: a $75 million equity investment in Perpetua Resources, which is aiming to become the first US-based producer of the versatile critical mineral antimony, which has applications in the defense sphere for items like batteries and ammunition.
"Today, more than 30 countries and hundreds of companies are represented at this conference. We must reach a point when the air defense and drone sector of Ukraine will be supported by more than 30 countries and hundreds of companies - not only from Ukraine, but also from Europe, the United States and other countries."