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.
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COSTCO SUING TRUMP ADMINISTRATION: Costco (COST) is suing the Trump administration, requesting that the Court of International Trade consider all tariffs collected under the International Emergency Economic Powers Act unlawful, NBC News’ Steve Kopack and Gary Grumbach report. According to a filing from late last week, the big box retailer is seeking a “full refund” of all IEEPA levies paid as a result of President Trump’s executive order imposing “reciprocal” tariffs, the authors note.
I LOVE DELL: After Dell Technologies (DELL) founder Michael Dell announced a $6.25B pledge to be used to seed “Trump Accounts” for children, President Donald Trump posted “TWO GREAT PEOPLE. I LOVE DELL!!!” along with a Newsmax story link recounting the charitable commitment made by Dell and wife Susan Dell.
CASE AGAINST SAMSUNG: Roth Capital believes Netlist’s (NLST) International Trade Commission case against Samsung (SSNLF) will be boosted by the filing of a joint public interest comment from Department of Justice and United States Patent and Trademark Office focusing on domestic patent protection from foreign company infringement. In addition, the “streamlined” ITC proceeding timeline further increases the chances of a favorable licensing settlement, the analyst tells investors in a research note. Roth keeps a Buy rating on Netlist with a $2 price target.
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