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Trump Administration Imposes Up to 100% Tariff on Drones

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.TARIFFS ON DRONES:The Trump administration implemented tariffs of up to 100% on drones as it seeks to hinder the Chinese drone industry and bolster domestic manufacturing, the New York Times' Farah Stockman, citing the administration. A 100% tariff impacts drones that weigh over 55 pounds or use thermal imaging, the vast majority of which are made in China, while smaller drones have a tariff of 25%. Publicly traded companies in the drone space include AeroVironment, Unusual Machines, Kratos Defense, Red Cat Holdings, Ondas, Boeing, and Northrop Grumman.COPYRIGHT CASE:The Trump administration has submitted a brief supporting ChatGPT maker OpenAI in its spat with the New York Timesand other newspapers over the AI firm's use of their work to train large-language models, arguing that AI training typically makes fair use of copyrighted materials, Reuters' Blake Brittain. The brief, which was filed in Manhattan federal court this week, seems to mark the first time the White House has weighed in on a wave of cases brought forth by a variety of copyright owners, the author notes.IRAN CONFLICT:President Trumpvia Truth Social that, "The United States is, as we speak, striking Iranian Targets near the Strait of Hormuz. The strikes are large and powerful, and in retaliation for the Iranians' failed attempt at adding sea mines to the Strait, which currently has no mines (They have been completely removed or detonated!), and the Iranians shooting eight missiles, all successfully knocked down, at our Military Base in Jordan. If the failed Nation of Iran retaliates for this very justified attack, they will be hit again at a much harder and higher level, but it will not be the biggest attack of them all, that is waiting in the wings and, when it is over, there will be very little left of the Islamic Republic of Iran!"RENAMING:Applehas relabeled Lake Ontario as 'Lake America' on the web version of its Apple Maps for U.S. users following Trump's executive order renaming the lake, Reuters' David Shepardson and Stephen Nellis, citing the company. The move follows a similar decision by Alphabeton Saturday to change the name of the lake on Google Maps for U.S. users. Users in Canada will continue to see Lake Ontario, and users internationally will see both names.

Significant Increases in Indicative Borrow Rates for Liquid Options

Latest data shows the largest indicative borrow rate increases among liquid option names include: Direxion Daily PLTR Bull 2X Shares (PLTU) 7.19% +2.22, Direxion S&P Biotech Bear 3X (LABD) 30.90% +2.19, Microvision (MVIS) 15.14% +0.35, iShares Global Clean Energy (ICLN) 18.53% +0.31, American Bitcoin Corp (ABTC) 2.70% +0.31, SPDR S&P Homebuilders (XHB) 1.48% +0.25, Hesai Group (HSAI) 1.33% +0.24, WhiteFiber Inc (WYFI) 23.39% +0.18, Ovintiv (OVV) 0.41% +0.16, and New York Times (NYT) 0.41% +0.16.