Mosaic Co (MOS) News & EventsMOSMosaic Co

Trump Signs Executive Order to Adjust Wind Turbine Imports

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.WIND TURBINES:President Trump on Thursday signed an Executive Order to adjust imports of wind turbines and their components and subcomponents into the United States, noting that the Secretary of Commerce found and advised the president of his opinion that "wind turbines and their components and subcomponents are being imported into the United States under such circumstances as to threaten to impair the national security of the United States and provided me recommendations for action under section 232 to adjust the imports of wind turbines and their components and subcomponents so that such imports will not threaten to impair the national security of the United States," leading the president to "determine that it is necessary and appropriate to enter into negotiations with foreign trading partners to adjust the imports of wind turbines and their components and subcomponents to address the national security threat found in this proclamation." Publicly traded companies in the wind turbine space include GE Vernova, Howmet Aerospace, and Berkshire Hathaway'sPrecision Castparts.MORTGAGE COSTS:President Trump on Thursday also signed an Executive Order to "lower the costs of single-family homeownership and mortgages and promote innovation throughout the housing market." The Order directs the Director of the Federal Housing Finance Agency to create a pilot program to cancel borrowers' mortgage insurance premiums proactively once they have satisfied their equity requirements based on the current market value, which will "eliminate a large monthly expense for qualifying Americans across the country." The Order also establishes the Task Force on Manufactured Housing Innovation to increase the quality of and lower the cost of building a home and directs the FHFA Director to reduce homeowners' refinancing costs by expanding the FHFA's title insurance waiver pilot into a permanent program to allow more borrowers to utilize cost-friendly alternatives to title insurance and to reduce the closing costs of refinancing and monthly expenses associated with homeownership.STARLINK RESTRICTIONS:President Trump called SpaceXhead Elon Musk and asked him to lift restrictions on a military-grade version of Starlink in Ukraine, The Wall Street Journal's Alexander Ward and Lara Seligman. U.S. and Ukrainian officials said the Starlink system was working more normally on Thursday, shortly after the conversation, according to the report. Trump had told officials he was frustrated that Starlink speeds were capped, which rendered some Ukrainian drones powerless against Russian attacks.FERTILIZER MANUFACTURING:Vice President J.D. Vance and Secretary of Agriculture Brooke Rollins announced the selection of eight fertilizer manufacturing projects to receive funding through the U.S. Department of Agriculture's Fertilizer Investment & Expansion for Long-Term Domestic Supply Program. The eight selected projects represent more than $1.34B in total proposed investment, including approximately $573M in proposed USDA funding, to strengthen domestic fertilizer manufacturing, reduce America's dependence on foreign suppliers, and increase long-term fertilizer availability for American farmers.TalusAg was selected for approximately $99.8M in proposed USDA funding toward a $270.2M project to deploy 20 modular ammonia manufacturing units across 11 locations in seven states. Peace Valley was selected for approximately $19.9M in proposed USDA funding toward a $50.6M project to expand fertilizer manufacturing in Bartow, Florida. PCI Nitrogen was selected for approximately $100M in proposed USDA funding toward a $200M project to modernize fertilizer manufacturing facilities in Pasadena, Texas, and St. Helens, Oregon. Intrepid Potash was selected for approximately $47.4M in proposed USDA funding toward a $98.1M project to modernize and expand an existing ammonia manufacturing facility in Hopewell, Virginia. SUL4R-PLUS Illinois was selected for approximately $34.9M in proposed USDA funding toward a $69.7M project to expand an existing sulfur fertilizer manufacturing facility in Marissa, Illinois. True Organic Products was selected or approximately $15.3M in proposed USDA funding toward a $30.6M project to expand fertilizer manufacturing at facilities in Helm, California; Boardman, Oregon; and Arlington, Arizona. And Agriculture Project Holdco was selected for approximately $116.9M in proposed USDA funding toward a $360M project to develop two fertilizer manufacturing facilities in Lewis, Kansas, and Fair Oaks, Indiana.Other publicly traded companies in the agriculture space include Andersons, Archer Daniels, Bunge, CF Industries, Compass Minerals, and Mosaic.FOOD PRODUCERS:Calley Means, a senior adviser to Health Secretary Robert F. Kennedy Jr. and a vocal proponent of the "Make America Healthy Again" movement, quit his role on Thursday, he told The Wall Street Journal. Means was frustrated by White House delays of some of Kennedy's most popular policy ideas and blamed others in the administration for allowing food companies and special interests to have too much sway, the Journal's Liz Essley Whyte, citing people familiar with the matter. The resignation could be viewed positively for the large food producers. Shares of Mondelez, PepsiCo, General Mills, Kraft Heinz, J.M. Smuckerand Coca-Colamoved higher following the news.

Mosaic Company Executive Karen Swager to Retire, Walt Precourt to Assume Role

The Mosaic Company announced that Karen Swager, Executive Vice President - Operations, plans to retire. Walt Precourt, SVP and Chief Administrative Officer will assume the role of EVP - Operations effective December 1. Ms. Swager will continue to serve as a senior advisor until her retirement in 2Q27. In his current role as CAO, Precourt leads the company's Procurement, Human Resources, Public Affairs and Global Business Services groups. He has been a member of the company's Executive Leadership Team since 2014. In addition to leading global operations, Mr. Precourt will lead the company's EHS function. He will continue to be based in Mosaic's Tampa executive office.