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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.TAKE OVER:President Trump suggested the U.S. government could take over Spirit Airlines,, Alison Sider, Brian Schwartz, and Alexander Gladstone of The Wall Street Journal. "We're thinking about doing it, helping them out, meaning bailing them out, or buying it. I think we'd just buy it," Trump said, speaking from the Oval Office. Trump believes the company's aircraft and assets were good and the government could sell the company for a profit when oil prices fall.H200 AI CHIPS:Nvidiahas yet to sell H200 AI chips to Chinese companies, citing difficulties obtaining permission from the Chinese government faced by potential buyers, Alexandra Alper of Reuters. While the Trump administration gave a formal green light to the sale of Nvidia's H200 chips to Chinese companies, shipments have been delayed due to disagreements on the terms of the sales between the two countries, sources told Reuters.MORE MINES:Iran's Islamic Revolutionary Guard Corps laid more mines in the Strait of Hormuz this week, a U.S. official and a source with knowledge of the issueAxios' Barak Ravid.NAVY CONTRACTS:Lockheed Martinwas awarded a $177.49M modification to a cost-plus-incentive-fee contract. This modification adds scope to provide all touch labor and reach-back engineering required to build and deliver three flight science aircraft, one for each variant to replace the aging original flight science aircraft in support of preventing a capability gap for flight test and allow for future, holistic testing of Block Four capabilities and other future capabilities for the Joint Strike Fighter program. Work is expected to be completed in April 2031. The contract action was not competed. Naval Air Systems Command is the contracting activity.General Dynamicswas also awarded a $196.55M cost-plus-fixed-fee contract to support engineering, technical, design agent and design transfer activities for nuclear submarine capabilities and their sustainment, in support of foreign military sales requirements. This contract includes options which, if exercised, would bring the cumulative value of this contract to $930.41M. Work is expected to be completed by April 2027. If all options are exercised, work will continue through April 2031. No U.S. funding is included in this contract. Foreign partner funds in the amount of $28.05Mwill be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 3204. Naval Sea Systems Command is the contracting activity.Lastly, RTXwas awarded a $369.86M modification to a fixed-price incentive, cost-plus-incentive-fee, advanced acquisition contract. This modification adds scope to authorize procurement of Lot 21 F135 Propulsion Systems and to procure advanced long lead time materials, parts, components, and efforts in support of the F135 Propulsion System Lot 20 delivery schedule of 138 propulsion systems for the Air Force, Marine Corps, Navy, F-35 Cooperative Program Partners, and Foreign Military Sales customers. Work is expected to be completed in May 2031. This contract was not competed. Naval Air Systems Command is the contracting activity.

President Trump suggested the U.S. government could take over Spirit Airlines, Alison Sider, Brian Schwartz, and Alexander Gladstone of The Wall Street Journal reports. "We're thinking about doing it, helping them out, meaning bailing them out, or buying it. I think we'd just buy it," Trump said, speaking from the Oval Office. Trump believes the company's aircraft and assets were good and the government could sell the company for a profit when oil prices fall.

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.MARIJUANA:In accordance with President Trump's December 18, Executive Order on Increasing Medical Marijuana and Cannabidiol Research, the Justice Department and the Drug Enforcement Administration announced the issuance of an order immediately placing both FDA-approved products containing marijuana and marijuana products regulated by a state medical marijuana license in Schedule III of the Controlled Substances Act, as well as the initiation of an expedited administrative hearing process to consider the broader rescheduling of marijuana from Schedule I to Schedule III. The new hearing, beginning June 29, 2026, will provide a timely and legally compliant pathway to evaluate broader changes to marijuana's status under federal law. Together, these actions provide immediate and long-term clarity to researchers, patients, and providers alike while still maintaining strict federal controls against illicit drug trafficking. Acting Attorney General Todd Blanche is placing both FDA-approved drug products containing marijuana, and medicinal marijuana products subject to a qualifying state-issued license in Schedule III under his authority to reschedule drugs to carry out the United States' obligations under the Single Convention on Narcotic Drugs. This action recognizes the longstanding regulation of medical marijuana by state governments and the need for a common-sense approach to this reality. "The Department of Justice is delivering on President Trump's promise to expand Americans' access to medical treatment options," said Acting Attorney General Todd Blanche. "This rescheduling action allows for research on the safety and efficacy of this substance, ultimately providing patients with better care and doctors with more reliable information." Publicly traded companies in the space include Aurora Cannabis, CV Sciences, Canopy Growth, Cronos Group, Goodness Growth, Green Thumb Industries, IGC Pharma, Tilray, Trees Corporationand Trulieve Cannabis.STRAIT OF HORMUZ:In a post on Truth Social, President Trump stated, "I have ordered the United States Navy to shoot and kill any boat, small boats though they may be (Their naval ships are ALL, 159 of them, at the bottom of the sea!), that is putting mines in the waters of the Strait of Hormuz. There is to be no hesitation. Additionally, our mine "sweepers" are clearing the Strait right now. I am hereby ordering that activity to continue, but at a tripled up level! Thank you for your attention to this matter."SPIRIT AIRLINES:Members of President Donald Trump's team have vocalized differing views about the administration's plan to save Spirit Airlines,, Brian Schwartz of The Wall Street Journal, citing people familiar with the matter. Both Commerce Secretary Howard Lutnick and Transportation Secretary Sean Duffy gave their perspectives on the deal to the president. Lutnick argued this would be seen as a political win by coming to Spirit's rescue months before the midterm elections, people familiar with the matter said. Meanwhile, Duffy argued an agreement with Spirit could have negative political consequences, voicing skepticism about what the government is going to get out of having a stake in the business.