Trump Announces New Navy Battleships, HII Shares Rise
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.TRUMP CLASS OF NAVY BATTLESHIPS:President Trump on Monday announced plans to build a new fleet of Navy battleships, anchoring what he called the Pentagon's "Golden Fleet," CBS News' Kathryn Watson. The president said he approved plans to begin constructing "two brand-new, very large, largest we've ever built, battleships." He later said he expects to build a total of 10 ships in short order, and ultimately 20 to 25. He made the announcement flanked by renderings of ships that were referred to as "Trump class." Shares of Huntington Ingallstraded up following the news.NEW YORK TIMES:President Donald Trump, in a social media, said, "The Failing New York Times, and their lies and purposeful misrepresentations, is a serious threat to the National Security of our Nation. Their Radical Left, Unhinged Behavior, writing FAKE Articles and Opinions in a never ending way, must be dealt with and stopped. THEY ARE A TRUE ENEMY OF THE PEOPLE! Thank you for you attention to this matter."ECONOMIC NUMBERS:President Donald Trump, in a social media, said, "The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED...AND THEY WILL ONLY GET BETTER! Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!!"DISTILLERY CLOSURE:Bourbon maker Jim Beamis halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging before it is ready, Associated Press' Jeffrey Collins. Jim Beam said the decision to pause bourbon making at its Clermont location in 2026 will give the company time to invest in improvements at the distillery. The bottling and warehouse at the site will remain open, along with the James B. Beam Distilling Co. visitors center and restaurant, the author notes. Other publicly traded companies in the space include Brown Forman,, Diageo, Constellation Brands, and MGP Ingredients.CVOW PROJECT:Dominion Energyreleased a statement in response to the U.S. Department of Interior's Director's Order for a 90-day suspension of work issued for the Coastal Virginia Offshore Wind project, saying that, "The Coastal Virginia Offshore Wind Project is essential for American national security and meeting Virginia's dramatically growing energy needs, the fastest growth in America. This growth is driven by the need to provide reliable power to many of America's most important war fighting installations, the world's largest warship manufacturer, and the largest concentration of data centers on the planet as well as the leading edge of the AI revolution. Stopping CVOW for any length of time will threaten grid reliability for some of the nation's most important war fighting, AI, and civilian assets. It will also lead to energy inflation and threaten thousands of jobs. CVOW is American-owned and benefits all of our Virginia customers. Our customers are paying for the project after a careful review of project costs and benefits by Virginia state regulators in 2022. These same state regulators, along with numerous federal agencies, oversee our cyber and physical security program, which is among the strongest in the energy industry. he project has been more than ten years in the works, involved close coordination with the military, and is located 27 to 44 miles offshore, so far offshore it does not raise visual impact concerns. The project's two pilot turbines have been operating for five years without causing any impacts to national security. CVOW enjoys bipartisan support and is within months of generating a massive 2,600 megawatts to support the fastest growing part of America's energy grid. This growth serves the largest concentration of critical infrastructure in the world. Virginia's All-American, All-Of-The-Above-Energy Plan requires a range of power generation assets, including natural gas, advanced nuclear, and renewables. Virginia needs every electron we can get as our demand for electricity doubles. These electrons will power the data centers that will win the AI race, support our war fighters, and build the nuclear warships needed to maintain our maritime supremacy. Virginia's grid needs addition of electrons, not subtraction."DRONE BAN:The Federal Communications Commission said on Monday it was adding China's DJI, Autel and all foreign-made drones and components to a list of companies determined to pose unacceptable risks to U.S. national security and would bar approvals of new types of drones for import or sale in the United States, Reuters' David Shepardson reports. The addition to the FCC's "Covered List" means that DJI, Autel and other foreign drone companies will not be able to obtain FCC approval to sell new models of drones or critical components in the United States, which is required, the author notes. Publicly traded companies in the space include Ondas, Red Cat, Draganfly, AeroVironment, and Unusual Machines.
