Trump Trade: President said to weigh possible U.S. strike against Iran

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:

IRAN: U.S. President Donald Trump is weighing a range of potential actions in response to a recent armed conflict between Israel and Iran, including a possible U.S. strike against Iran, and met with top White House advisers to discuss the matter on Tuesday, the Wall Street Journal reports, citing administration officials. The news comes after Trump earlier posted on Truth Social that the U.S. is aware of the location of Iran supreme leader Ali Hosseini Khamenei but had opted not to take any action, then saying “UNCONDITIONAL SURRENDER,” the report notes. The White House has previously said it won’t join Israel’s attacks, the report says.

TIKTOK BAN: U.S. President Donald Trump intends to sign an executive order sparing TikTok from a law banning or forcing a sale of the social media platform, again delaying a deadline for enforcement of said law, the Wall Street Journal’s Alex Leary reports. “As he has said many times, President Trump does not want TikTok to go dark,” White House press secretary Karoline Leavitt said. “This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.” Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).

STABLECOIN REGULATORY FRAMEWORK: The U.S. Senate has passed a bill to set up the first regulatory framework for stablecoins, Axios’ Stephen Neukam reports. The GENIUS Act, which has been criticized by many Democrats over corruption concerns surrounding President Trump’s growing cryptocurrency empire, was passed with a 68-30 vote, with two GOP members voting no on the legislation, the author says. 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).

PSYCHEDELIC FIELD: Companies, advocates and investors in the psychedelic field are hopeful the Trump administration will support the space after favorable sentiments by several key officials, STAT News’ Olivia Goldhill and Meghana Keshavan report, citing sources. Robert F. Kennedy Jr., the secretary of health and human services, has voiced support for psychedelics as a potential mental health treatment and Calley Means, a White House adviser, wrote that psychedelics “should be an important public policy priority for the United States”. Additionally, Casey Means, the president’s surgeon general pick, described psilocybin therapy as “one of the most meaningful experiences of life” and FDA Commissioner Marty Makary has made positive remarks on the opportunity the substances could hold for veterans. Publicly traded companies in the space include Atai Life Sciences (ATAI), Clearmind (CMND), Compass Pathways (CMPS), Cybin (CYBN), GH research (GHRS) and Mind Medicine (MNMD).

INVESTING IN THE U.S.: Texas Instruments (TXN) announced its plans to invest more than $60B across seven U.S. semiconductor fabs. Working with the Trump administration and building on the company’s nearly 100-year legacy, Texas Instruments said it is expanding its U.S. manufacturing capacity to supply the growing need for semiconductors that will advance critical innovations from vehicles to smartphones to data centers. Combined, TI’s new manufacturing mega-sites in Texas and Utah will support more than 60,000 U.S. jobs. “TI is building dependable, low-cost 300mm capacity at scale to deliver the analog and embedded processing chips that are vital for nearly every type of electronic system,” said Haviv Ilan, president and CEO of Texas Instruments. “Leading U.S. companies such as Apple (AAPL), Ford (F), Medtronic (MDT), NVIDIA (NVDA) and SpaceX rely on TI’s world-class technology and manufacturing expertise, and we are honored to work alongside them and the U.S. government to unleash what’s next in American innovation.”

SM1, Texas Instruments’ first new fab in Sherman will begin initial production this year, just three years after breaking ground. Construction is also complete on the exterior shell of SM2, the company’s second new fab in Sherman. Incremental investment plans include two additional fabs, SM3 and SM4, to support future demand. Texas Instruments is ramping LFAB1, the company’s first 300mm wafer fab in Lehi. Construction is also well underway on LFAB2, Texas Instruments’ second Lehi fab that will connect to LFAB1. The company’s second fab in Richardson, RFAB2, continues to ramp to full production.