Trump Trade: Trump pressures FDA head to approve flavored vapes

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.

FLAVORED VAPES: President Trump over the weekend pressured Food and Drug Administration Commissioner Marty Makary for not moving faster to approve flavored vapes and nicotine products, Liz Essley Whyte and Natalie Andrews of Wall Street Journal report, citing people familiar with the discussions. Advisers told Trump hat Makary has blocked the president’s vaping agenda and described the commissioner as a problem for the administration, sources told the Journal. Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).

PROJECT FREEDOM: Last night, in a post on Truth Social, President Trump stated, “Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed.”

FRAMEWORK TO END WAR: The Trump administration believes it is close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Barak Ravid of Axios reports, citing two U.S. officials and two other sources briefed on the issue. The U.S. expects Iranian responses on several key points in the next 48 hours, Axios adds.

Meanwhile, in a Truth Social post, President Donald Trump stated, “Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before. Thank you for your attention to this matter!”