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Trump Considers Investment in Venezuela's Oil Industry

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.VENEZUELAN OIL:The U.S. is considering taking an ownership stake in Venezuela's oil industry, potentially giving American companies access to a massive resource base, Marc Caputo of Axios. While strategically significant, the production impact would likely take years to materialize, according to two U.S. officials. "President Trump is close to securing America's energy future for generations to come, not just in the U.S. but in the hemisphere," one of the officials says. Publicly traded companies in the space include BP, Chevron, ConocoPhillips, Exxon Mobil, Shelland TotalEnergies.MEAT PROCESSORS:President Donald Trump said in aon Truth social that, "Ranchers and Farmers have always been a number one priority for me. They work very hard, are smart, efficient, and immaculately CLEAN, but for years I have heard that they have had a tremendous problem with the Big Processors, who many say are a nasty Monopoly. There are, essentially, 4 of them, a very non competitive number, and they make life miserable for our wonderful Farmers and Ranchers, and I can't let that happen, can I? So, in order to break this powerful monopoly, with much of its ownership based outside of the U.S., I am authorizing legal documents to be drawn in order to allow Farmers and Ranchers to be given the right to PROCESS THEIR OWN FOOD. This should move quickly. Thank you for your attention to this matter! President DONALD J. TRUMP." Shares of Tyson Foodsand Pilgrim's Pridetraded lower on Friday. Other publicly-traded meat processors include JBSand Smithfield Foods.'HOTTEST' COMPANY:President Donald Trump said in aon Truth Social that, "GREAT NEWS! Micron, one of the 'HOTTEST' Companies in the World, just announced a MASSIVE 10 BILLION DOLLAR Investment in new Research Labs right here in America. They are keeping us at the absolute forefront of A.I. and Advanced Computing! Combined with their previous TREMENDOUS 250 BILLION DOLLAR commitment, they are creating over tens of thousands of Great American Jobs. We are bringing Critical Technologies BACK to the U.S.A. Because of our Great Policies, Companies are investing TRILLIONS. I have made it clear that America will lead the way to a new Golden Age of Science. The results speak for themselves: During my Administration, Companies are investing TRILLIONS of Dollars because they know the United States is the best place in the World to Build, Invent, and Grow. Congratulations to Micron's fantastic CEO, Sanjay Mehrotra. We are strengthening our Economy and WINNING BIG! The Golden Age of America is HERE. MAGA! President DONALD J. TRUMP."OUTSIDE EO:Wells Fargo notes that following the recent foreign inverter ban, the Trump administration issued an Executive Order increasing scrutiny of foreign-sourced grid equipment. While investor concerns are centered on Generac'suse of Baudouin engines in its 2.25-3.25 MW generator platform, the firm believes the company is largely outside the scope of the EO. With that said, Wells awaits DOE guidance to determine the ultimate impact. The firm has an Overweight rating on the shares with a price target of $280.DEAL WITH IRAN:The Trump administration has told mediators it has no interest in going back to the terms of the memorandum of understanding it reached with Iran in June, people familiar with the matter told's Summer Said, Alexander Ward and Benoit Faucon. President Trump is willing to wait and see if a policy of squeezing Iran economically bears fruit, the sources said.FAVOR WITH DEMOCRATS:Some U.S. companies with close ties to President Trump are trying to gain favor with Democrats in case they become targets if Republicans lose control of the House, Annie Linskey and Emily Glazer of The Wall Street Journal. Big tech companies are preparing for congressional and criminal investigators, some advisers, lobbyists, and board members told the Journal. Metaand others are writing big checks for Democrats; Paramount, Kalshi, and others are hiring former Democratic aides to bolster government relations; and Meta and Palantirare among the companies concerned about future requests for information, congressional hearings, and subpoenas, sources told the Journal. Additionally, executives from Amazon, Chevron, Pfizer, UnitedHealthand others attended a summer seminar hosted by the U.S. Chamber of Commerce that focused on "managing potential congressional oversight and investigations," according to documents reviewed by the Journal.AI REGULATOR:The Trump administration's proposed AI self-regulatory body appears to be stalling, suggesting uncertainty around the administration's approach to AI oversight, The Information's Leo Schwartz. A formal framework could still emerge, but the delay reinforces the broader regulatory vacuum as states continue pursuing their own AI rules, according to the report.

Pfizer and BioNTech Get FDA Approval for 2026-2027 COVID-19 Vaccine

Pfizer (PFE) and BioNTech (BNTX) announced that the FDA has approved the supplemental Biologics License Application for the companies' 2026-2027 COVID-19 vaccine formula targeting the XFG variant, COMIRNATY XFG, for use in adults ages 65 years and older, as well as in individuals ages 5 through 64 years with at least one underlying condition that puts them at high risk for severe outcomes from COVID-19. The FDA approval is based on the cumulative body of evidence previously submitted by Pfizer and BioNTech that includes clinical, non-clinical and real-world data supporting the safety and effectiveness of COMIRNATY, as well as manufacturing/quality and non-clinical data showing that the XFG-adapted COVID-19 vaccine generated strong immune responses against currently circulating SARS-CoV-2 variants. The selection of the XFG variant is based on guidance from the FDA as the preferred composition of COVID-19 vaccines for use in the U.S. beginning in fall 2026.