Trump Trade: Meta CEO was in talks to become Trump adviser

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:

TRUMP ADVISER: Interviews with more than sources detail Meta (META) CEO Mark Zuckerberg’s transformation into “MAGA Mark,” with sources saying there were talks about Zuckerberg taking a role as an adviser to the Trump administration, potentially on the President’s Council of Advisors on Science and Technology, The Financial Times’ Hannah Murphy reports.

TIKTOK BAN DEADLINE: President Donald Trump on Thursday signed an executive order to keep TikTok running in the U.S. for another 90 days to give his administration more time to reach a deal to bring the social media platform under American ownership. It is the third time Trump has extended the deadline. Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).

TRUMP ON POWELL: President Donald Trump stated in a post to Truth Social, “Too Late” Jerome Powell is costing our Country Hundreds of Billions of Dollars. He is truly one of the dumbest, and most destructive, people in Government, and the Fed Board is complicit. Europe has had 10 cuts, we have had none. We should be 2.5 Points lower, and save $BILLIONS on all of Biden’s Short Term Debt. We have LOW inflation! TOO LATE’s an American Disgrace!”

LAWSUIT: A potential $35M settlement of President Trump’s lawsuit against Paramount’s (PARA, PARAA) CBS has been delayed as the company’s management continues to fear a potential legal backlash, Charles Gasparino reports for The New York Post. While the two sides remain in active settlement negotiations, Paramount’s hesitancy to make a deal has prompted members of Trump’s legal team to maintain its initial bargaining position and demand even more money to end the protracted legal dispute, according to sources close to the matter.

DIGITAL ASSETS: President Donald Trump stated in a post to Truth Social, “The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets – Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, and Big Innovation. The House will hopefully move LIGHTNING FAST, and pass a “clean” GENIUS Act. Get it to my desk, ASAP – NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!” Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).