Trump Administration Weighs Tencent Investment Security
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.INVESTMENTS:The White House is debating if it will allow Tencentto maintain stakes in popular video game groups, Demetri Sevastopulo, Alex Rogers, and Zijing Wu of The Financial Times. Officials have been holding meetings to decide if the company's investments in U.S. and Finnish groups post a security risk, several people familiar with the internal deliberations told the Times.CLEAR WINNER:Oppenheimer notes the February 27 U.S. strikes into Iran under Operation Epic Fury killed dozens of senior officials, including the Supreme Leader, prompting Iran to launch waves of missile and drone attacks across the Gulf. Air and missile defenses are stopping about 90% of incoming fire, but interceptor stockpiles are thinning fast and the remaining 10% is causing significant damage. Traditional systems are too costly and limited to handle sustained Shahed-style drone barrages, which now appear likely to continue. Oppenheimer argues the U.S. and Israel underestimated Iran's drone capabilities and that the moment highlights the need for low-cost, scalable counter-drone solutions. The firm sees Ondasas the most direct beneficiary, with Iridiumand BlackSkyas secondary plays, adding that Epic Fury reinforces Oppenheimer's thesis from its drone deep-dive paper.MARITIME TRADE:President Donald Trump stated in a Truth Social, "Effective IMMEDIATELY, I have ordered the United States Development Finance Corporationto provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States' ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH - More actions to come. Thank you for your attention to this matter!"FED'S CORE PAYMENTS SYSTEM:Kraken's banking unit gained access to the Federal Reserve's core payment systems, becoming the first crypto firm to do so, giving Kraken Financial direct access to Fedwire, enabling faster transactions for clients and traders, The Wall Street Journal's Alexander Osipovich and Dylan Tokar. The approval marks a major win for the crypto industry, whose prospects have brightened under President Trump's administration, the report notes.
