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JPMorgan Chase has launched a $1.5 trillion "Security and Resiliency" plan aimed at supporting critical industries in the U.S., aligning its financial strategy with national interests amid global geopolitical tensions. The initiative targets sectors such as supply chains, defense, energy independence, and advanced technologies, representing a significant shift in how finance engages with industrial policy.
President Trump confirmed a $14 billion deal for TikTok that allows US companies, including Oracle and Michael Dell, to control the app’s content algorithm. This agreement is part of a national security provision requiring TikTok's divestiture from its Chinese parent company, ByteDance. The deal follows Trump's earlier attempts to ban TikTok due to national security concerns.
JPMorgan Chase is launching a decade-long initiative to invest up to $10 billion in key industries deemed crucial for U.S. national security, including defense, aerospace, advanced technologies, and energy. The initiative aims to provide $1.5 trillion in funding and addresses concerns over reliance on foreign sources for critical materials and products amid rising tensions with China. CEO Jamie Dimon emphasized the importance of strengthening America's economy and reducing regulatory obstacles.
The United States has become the largest investor in commercial spyware, surpassing other major countries. A recent report highlights that 31 US-based investors have emerged, contributing to a global industry that threatens human rights and national security, with notable investments in companies linked to human rights abuses. Civil society groups express concern over the implications of this investment surge, particularly regarding surveillance of journalists and activists.