JP Morgan To Invest $10 Billion in Companies Tied to National Security
JP Morgan announced a $10 billion investment in companies tied to US national security and critical minerals. The investment is part of the bank’s $1.5 trillion initiative, its latest commitment to the financial markets. The global bank is now looking at patriotic efforts with companies that deal in the US after Trump took office. The $10 billion investment from JP Morgan would come from direct equity purchase and venture capital financing. The investments are part of a decade-long plan to bolster firms that deal with national security and critical minerals. The leading bank called the investments ‘Security and Resiliency Initiative’ and will facilitate finances across various sectors, including defense and aerospace, critical minerals, pharmaceuticals, and quantum computing, the bank said. The bank is pursuing investment deals across 30 industries involving dozens of companies deemed critical to national security. It would also invest in subsectors such as autonomous ...