The US government, under the Trump administration, is negotiating to take equity stakes in domestic drone manufacturers to accelerate production, reduce costs, and lessen dependence on Chinese drone components. This move supports the 'Drone Dominance' executive order signed in June 2025, aiming to deploy 300,000 low-cost attack drones by 2027 with a $1 billion program backing. Several drone companies like Ondas Holdings, Unusual Machines, Red Cat Holdings, Kratos Defense, AeroVironment, and Draganfly are key players in this initiative. While no final deals are confirmed, the market is reacting to the potential government capital infusion into the drone sector.
Bank of N.T. Butterfield announced it will acquire CIBC's 91.7% stake in CIBC Caribbean Bank Limited for approximately $1.8 billion, combining cash and shares. This acquisition aims to create a larger banking and wealth management platform in the Car...
Peec AI, an AI search analytics platform, surpassed $10 million in annual recurring revenue just 16 months after launch, doubling revenue in the last five months. The company is expanding rapidly, opening its first US office in New York to meet growi...
The National Crime Prevention Council (NCPC) has called on lawmakers to reject the House's Kids Internet and Digital Safety Act (H.R. 7757), criticizing it as insufficient for protecting children online. NCPC argues the bill weakens state powers and ...
Fannie Mae has started marketing a sale of approximately 2,333 reperforming loans with an unpaid principal balance of about $565 million. These loans were previously delinquent but have since become current. Buyers must offer loss mitigation options,...
Shares of Unusual Machines Inc. (UMAC), where Donald Trump Jr. is a shareholder and board member, surged after reports that the Pentagon is discussing direct financial support and equity stakes in domestic drone manufacturers. The funding talks invol...
