Trump Signs Executive Order to Advance Quantum Computing
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 Trump with this daily recap compiled by The Fly:QUANTUM COMPUTING:President Donald Trump signed an Executive Order that directs the Office of Management and Budget and the National Cyber Director to lead an accelerated, nationwide migration to post-quantum cryptography, "ensuring our Nation and our data stay secure as quantum technology evolves," the White House announced. The Order also directs the Department of Commerce, the National Security Agency, and the Department of Homeland Security to deliver "clear, practical guidance to agencies on effectuating and accelerating PQC migration" and directs agencies to designate a PQC migration lead and to transition high value assets for certain uses to PQC by 2030 and 2031 depending on the use case. The Order directs the Department of Commerce to initiate a pilot project for PQC migration, to be completed by December 31, 2027, the White House added. Also yesterday, President Trump signed an Executive Order to "supercharge U.S. innovation in quantum technologies and strengthen our national security in this critical area." That order directs the Assistant to the President for Science and Technology, in coordination with other relevant government leaders, to update the National Quantum Strategy to support quantum-enabling technology and encourage partnerships with U.S. industry. Publicly-traded quantum computing names include D-Wave Quantum, IonQ, Rigetti Computingand Quantinuum.Jefferies sees these executive orders as positive for the quantum computing industry, including names in the firm's coverage, IonQ, D-Wave Quantum, and Rigetti Computing. The firm views IonQ as best-positioned given exposure across nearly every pillar of the orders, followed by D-Wave given its proof-of-quantum algorithms for enhanced data security and Rigetti. Jefferies has Buy ratings on the first two stocks and a Hold rating on Rigetti.LAWSUIT AGAINST ABC THREATENED:In a post on Truth Social, President Trump said: "In describing the Vandalism that took place at the Reflecting Pool in Washington, D.C., ABC FAKE NEWS, one of the worst in the business, even paying me $16,000,000 for past bad and inaccurate reporting, failed to report that their close 'friends,' Dumocrats Obama and Biden, spent over 100 Million Dollars on the Reflecting Pool, and it never worked. In fact, it was rarely open due to leaks and "stench." They wanted to spend 300 to 400 Million Dollars, but just let it ROT. I spent approximately 16 Million Dollars, and it came out great, except for the Vandalism, which we are now fixing. It was also a much bigger job than originally envisioned, including the outer areas and sidewalks. We are preparing lawsuits against ABC for false reporting. I like their money, which will be given to the U.S. Treasury! Thank you for your attention to this matter." The ABC network is owned by Disney.IRAN:President Donaldon Truth Social: "Despite their protestations and false statements to the contrary, coupled with the drumbeat of the Fake News, which is doing everything possible to make the U.S. Victory as small and insignificant as possible, Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure 'Nuclear Honesty.' If they did not agree to this, there would be no further negotiations! Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well!" In a separate post, President Trump also stated: "19 Millions Barrels of Oil flowed out of the Hormuz Strait yesterday, an all time RECORD. Oil prices are tumbling down, and the World is a much safer place!!!"
